Transnational Corporations Overview

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How do Albrow & King (1990) define Globalization?

The incorporation of people around the world into a single global society

In what way did Giddens (1991) support the claim about Globalization?

By emphasizing the process of local events forming as a result of happenings from afar

According to Steger (2005), what does Globalization denote?

A single unwieldy epithet encompassing various processes

Why is there a rapid interconnection worldwide, according to the text?

Because of the social and economic relationships and networks

What did Freeden (2003) emphasize about Globalization according to Steger (2005)?

A range of processes nested under unwieldy epithets

What characterizes Globalization based on the information provided?

The intensifying of social relationships among countries

According to Francis Fukuyama, what did he stress the correlation between?

Economic development and successful democracy

In Hillary Rodham Clinton's view, what should be seen as the 'backbone of democracy' in former communist countries?

Emergence of new business and shopping centers

Which historical examples illustrate sustained economic growth in the past according to the text?

Long-distance trading between Venice and the Netherlands

What was praised by Hillary Rodham Clinton in Eastern Europe's economic transition?

Transition towards capitalism

What did Prof. Honesto and Prof. Guillermo discuss regarding changes in the global economy?

Significant changes in the global economy over the past centuries

What contributed to the birth of capitalism according to the text?

Global changes in the economy over centuries

What was the purpose of the laws of war codified by the Great Powers at the end of the nineteenth century?

To minimize the severity of conflicts between civilized states

What did Britain's General J.F.C. Fuller suggest about warfare against uncivilized nations?

The form of warfare should match the level of civilization in the land

What did the 1914 British Manual of Military Law emphasize regarding the application of rules of International Law?

They apply only to warfare between civilized nations

Before the First World War, what was a common belief about international law?

It is a product of modern Europe's special civilization

How did the United States view itself in relation to European powers by the end of the nineteenth century?

As a European power, though not of the first rank

What did the Roosevelt Corollary do in relation to the Monroe Doctrine?

Toughened up its reading

What is a requirement for any state to become a member of the United Nations?

Accepting the obligations in the UN Charter

Which entity has the final decision on admitting a state as a member of the United Nations?

The General Assembly and Security Council

In terms of UN membership, what is highlighted in Chapter 2, Article 4 of the United Nations Charter?

Only sovereign states can become members

What was unique about some of the original members of the United Nations like Belarus, India, Philippines, and Ukraine?

They were not fully sovereign at the time of admission

How has globalization impacted traditional sovereign states according to the text?

Made it difficult to enforce property rights

What impact has considerable financial deregulation had on sovereign states according to the text?

Increased difficulties in providing regulatory public goods

Which of the following defines a transnational corporation?

An enterprise that operates in more than one country and engages in activities that add value

In what way do transnational companies differ from traditional corporations?

Transnational companies have a central corporate facility but decentralize decision-making to foreign markets

What event marked the beginning of contemporary globalization according to the text?

The economic recovery of capital structures in Japan and Europe

How did US corporations have an advantage post-WWII according to the text?

They emerged from the war with their productive capacities intact

In what year did Barnet and Muller define the MNC as a major economic global actor?

1974

What do scholarly works document regarding global corporate development?

Different waves of global corporate development over six decades

Learn about the characteristics and operations of transnational corporations, which are complex organizations investing in foreign markets with decentralized decision-making. Explore the definition provided by the United Nations Centre on Transnational Corporations (UNCTC).

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