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What Is Globalization? What Modes of International Business Are Used

question 52

Essay

What is globalization? What modes of international business are used by firms that want to globalize? Briefly describe each method.


Definitions:

Transnational Organizations

Entities that operate across multiple countries, transcending national boundaries to achieve their objectives.

Neoliberalism

An economic and political ideology that emphasizes free-market capitalism, deregulation, and a reduction in government spending on social services.

Global Economy

An interdependent economy worldwide where the economies of countries are linked through global trade and financial markets.

Traditional Marxists

A segment of Marxism that focuses on the analysis of class conflicts and the role of capitalist societies per the original ideas of Karl Marx.

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