Blogging Through Media Trends and Globalization (2022)

 1) Summary The author mainly talks about transnational corporations or TNCs as the main influencers of the global economy. He explains their influence and purpose in economic globalization and he does so by focusing on 5 issues. The issue he starts with is the scale and geographical distribution of the transnational corporations in the worldwide economy. Dicken briefly mentions that the first companies to extend their operations to other countries did so to be able to trade and exchange goods with other countries, and by the 19 th century the first companies were setting up their own operations abroad. He explains that current TNCs are companies that know how to take charge of and coordinate their worldwide operations, both the ones they own and the ones they don’t. He also explains that these TNCs bring in 1/10 of worldwide GDP and 1/3 of all exports, with the 100 biggest TNCs accounting for 14% of the sales of foreign affiliates globally. It shows how massive these businesses a...

What is the relation between economy and globalization?  Reading Assignment 4: Economic Globalization 1. Summary  From the perspective of economic globalization, transnational corporation (TNC) are leading the global economy. TNC refers to a company that can operate and control in more than one country. TNC is mainly measured using 'foreign direct investment' statistics. 'Foreign direct investment' is an investment that occurs when a company in one country purchases a dominant investment in another country or when a company establishes a branch or subsidiary in another country. TNC can mostly found in developed countries. These days, however, the number of TNCs is increasing even in developing countries, and the diversity of TNCs is also increasing.  Two reasons why companies expand their business outside of their countries are ‘Market-Oriented Investment’ and ‘Asset-Oriented Investment’. Most of the TNC use ‘Market-Oriented Investment’. A company may have made suff...