In what ways has globalisation helped multinational corporations coordinate and control their business functions on a global scale

Essay by JanissaryUniversity, Master'sA, March 2005

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In what ways has globalisation helped multinational corporations coordinate and control their business functions on a global scale.

'Globalization' is commonly used as a shorthand way of describing the spread and connectedness of production, communication and technologies across the world. That spread has involved the linking of economic and cultural activity. Globalization in the sense of connectivity in economic and cultural life across the world, has been growing for centuries. However, many believe the current situation is of a fundamentally different order to what has gone before. The speed of communication and exchange, the complexity and size of the networks involved, and the sheer volume of trade, interaction and risk give what we now label as 'globalization' a peculiar force. (1)

In this era of "globalization", marginalized people are becoming especially angry at the motives of multinational corporations, and corporate-led globalization is being met with increasing protest and resistance (2)

lt is not a coincidence that the World Trade Center and the Pentagon were part of a violent attack in 2001.

In an increasingly global economy, these pillars of business and government are now tied together as the symbol of a growing link between the public and the private sector. The attacks are evidence of a rising perception that globalization creates poverty and inequality, which in turn creates the motive for much violence. In response, the private sector is becoming more public-minded, while the public sector is becoming more business-minded. The events of September 11, 2001, the demise of Enron and a worsening recession clearly demonstrated that good corporate governance at home and abroad, promoting economic inclusiveness and community goodwill, are important elements of international security. This interweaving of roles calls for new partnerships between business and government, in which sharing skills and expertise can be valuable...



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