Explain Patterns of Increased Capital Involvement Firms Might Use to Seek

question 67

Essay

Explain patterns of increased capital involvement firms might use to seek to expand business internationally.

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Definitions:

Modernization Theory

A theory suggesting that as societies develop, they will follow a similar path of development to those of more developed countries, emphasizing the role of technology and economic growth.

Dependency Theory

A theory suggesting that economic conditions in developing countries are largely influenced by their dependence on and relationships with developed countries.

World System Theory

A sociological perspective that analyzes the global economy as a complex system influenced by political and economic relationships.

Transnational Corporations

Large companies that operate in several countries, impacting local economies, cultures, and governance with their global business activities.