GLOBALIZATION

Globalization is a process of interaction between people, companies and governments of different nations,  This process has effects on the environment, on culture, on political systems, on economic development and prosperity.Globalization has brought benefits in developped countries as well as negtive effects.The positive effects include a number of factors which are education trade, technology, competition investments, employement, culture and organization....The negative effects are jobs insicurity, fluctuation in prices, terrorism.I think it's impossible to retourn to an economy without globalization because we are too habituated at our life-style.

           

Multinational corporations are agents of globalization. At the same time, many multinational corporations are also affected by globalization in ways they may or may not like. This reality stems from the fact that multinational corporations have many subsidiaries, some of which benefit from globalization and others that do not. The effects of globalization on a multinational corporation can be good or bad, depending on the nature of the corporation in question. Multinational corporations may have a difficult time coordinating activities in a globalized economy. A company that operates in America, Japan and Europe will need to hire employees who speak many different languages, and it may be difficult for that company to make sure all employees are on the same page when only a few of them speak the same language. Translators may be called upon to assist in information coordination where language barriers exist. Other coordination problems may come from differences in cultural norms and business norms.