The Contemporary World

 Using a ladder web, make a blog the positive effects of globalization from global corporation. Globalization -  Globalization is the spread of products, technology, information, and jobs across national borders and cultures. In economic terms, it describes an interdependence of nations around the globe fostered through free trade. Global Corporation -  A global corporation, also known as a global company, is coined from the base term ‘global’, which means all around the world. It makes sense to assume that a global company is a company that does business all over the world. There aren’t many companies in the world that can boast of having a business presence in every major country.  Resources: https://www.investopedia.com/terms/g/globalization.asp https://online.hbs.edu/blog/post/pros-and-cons-of-globalization https://smallbusiness.chron.com/global-corporation-63267.html https://velocityglobal.com/blog/globalization-benefits-and-challenges/

  Trace the history of Global Market                          Integration. Market Integration Market integration occurs when prices among different locations or related goods follow similar patterns over a long period of time. Groups of goods often move proportionally to each other and when this relation is very clear among different markets it is said that the markets are integrated. Thus, market integration is an indicator that explains how much different markets are related to each other .  The History of Global Market Integration The nineteenth century saw substantial advances in international market integration, and the creation of a truly world economy. Technological advance was critical in this. The railroad locomotive and the marine steam engine revolutionized world transport from the 1830s onwards. Steamships connected the world's ports to each other, and from the ports the railroads ran inland, creating...

    Multinational Corporation (MNC) A multinational corporation (MNC) is a company that operates in its home country, as well as in other countries around the world. It maintains a central office located in one country, which coordinates the management of all its other offices, such as administrative branches or factories. Characteristics of a Multinational Corporation 1. Very high assets and turnover To become a multinational corporation, the business must be large and must own a huge amount of assets, both physical and financial. The company’s targets are high, and they are able to generate substantial profits. 2. Network of branches Multinational companies maintain production and marketing operations in different countries. In each country, the business may oversee multiple offices that function through several branches and subsidiaries. 3.Continued growth Multinational corporations keep growing. Even as they operate in other countries, they strive to grow their economic si...