Defining globalization:
Globalization is the process going on primarily through the last several decades by which large corporations have integrated markets, production, and distribution across national and regional borders, achieving in the process huge profits and also achieving and exercising control over markets to a degree that ahs come to overshadow the powers of developing nation-states. Multi-national corporations have achieved integration of markets in that they have managed a very high degree of penetration of consumer and financial markets. They have achieved integration of production in that they have organized systems for carrying on the manufacturing and the intellectual processes for making goods and services. They have achieved integration of distribution through control of transportation systems and the development of protocols for the manipulation of tangible and intangible items of value through various bureaucracies.


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Title: Globalization In Question
Approximate Word Count: 809
Approximate Pages: 4 (250 words per double-spaced page)

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