Discusses the definition of globalization as the activities of multinational enterprises (MNEs), engaged in foreign direct investment, plus the development of business networks to create value across national borders. Speculates that multinationals have taken the brunt of the blame as drivers of globalization. Features a Figure showing the world’s largest 500 MNEs, as they dominate global business, showing their nationalities. Employs a second Figure in a larger shaded box to show competitive implications of corporate strategy. Summarizes that multinationals need to be regional learning organizations to be successful, ethically.
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