GLOBALIZATION AND THE GLOBAL COMPANY

Globalization stands for the idea of integrating the world marketplace, creating a so-called “borderless world” for goods and services. In addition, to some extent, we already have such a world. Consider physical communications (mail, the telephone, the Internet, and airline and ocean shipping networks); entertainment (film and TV, music, news, and sports); economic and business exchange (banking and insurance networks, dependable foreign exchange and stock markets, and reciprocal trade arrangements); and even ideas and competing spiritual values through evangelical Christianity, Islam, and others…