Economic Globalization

SUMMARY

Advances in technology and transportation have speeded up the  globalization. While globalization is from the World Trade Organization (WTO) launched. The proliferation of free trade in accordance with World Trade Organization was launched to promote international trade. As consumers we have been able to expand the deal to buy cheaper products were able to choose from a variety of good products.Corporate globalization is the sales market and increasing the size of the transaction. Whereas international competitiveness is weak industrial sector has also weakened or external dependence is growing disadvantage.
 In economic globalization, especially in the aspect of the corporation, TNC(Transnational Corporation) is very important factor. Most of the leading multinational companies still maintain more than half of the activity in their home country. In the so-called multinational corporations in a global company operating in the score, come in all shapes and sizes. Countries to multinational companies operating in one or two countries outside the home base. This response is that work in different political, social and cultural environment.
Despite recent developments in TNC activity, much of their investment continues to be market-oriented. A firm may have reached saturation point in its domestic market. Increasing profitability may well depend, therefore, on being able to expand its market beyond its home territory. It may have identified new markets that require a direct presence in order to serve them efficiently.. Access to the market may be restricted because of political regulatory structures (such as import tariffs).
The geographical unevenness of markets is one major set of reasons why firms engage in transnational investment. The second set of reasons derives from the fact that the assets that firms need to produce and sell their products and services are also geographically very unevenly distributed. Traditionally it was the geographical localization of many natural resources that drove much of the early development of TNCs. It is no coincidence that many of the early leading TNCs were in the natural resource sectors, including energy and industrial resources as well as in agricultural products. Firms in the natural resource industries must, of necessity, locate at the source of supply, although it is often the case that subsequent processing of the resource takes place elsewhere, generally close to the market.
Every business firm is composed of complexity, dynamic producing network, consume and distribution. TNC can take an effect to other political, cultural, social environment naturally because general TNCs are located as geographical diffusion. TNCs has a feature that head office is located in home country. But some functions of head office are diffused to other place in a company's transnational network.
The European Union is the oldest and the highest level of economic cooperation.
In addition, the economy, and is gradually expanding the political, social sector policies.
Today the European Union has seen a huge single market have been equipped with international competitiveness, as well as exchanges, peace, community problem solving and also performance. There are a number of problems, however, it appears by the economic differences of each country in the process of integrating the different countries. According to the various ethnic conflicts and cultural differences, language and customs are factors that hinder the European Union.

NEW, INTERESTING, OR UNUSUAL ITEMS I LEARNED

In this assignment the new item I learnd is TNC. I have become more interested in TNC and I find out more about it. 'Oxy' which made dozens of people in South Korea died and others suffered lung damage was TNC too.(http://www.bbc.com/news/world-asia-36185549)
These companies employ jobs all over the world. Today, Vietnam is an attractive destination of transnational corporations. Hundreds of large transnational corporations in the world in recent years have chosen Vietnam as a long term investment destination.

QUESTION, CONCERN, OR DISCUSSION ANGLE

I saw a article "Transnational corporations have important role to play in women's empowerment - Phumzile Mlambo-Ngcuka"
(http://www.unwomen.org/en/news/stories/2014/10/ed-speech-world-investment-forum-geneva). This speach says TNC can help to achieve gender equality. Does TNC have any more influence on society except for the economic part?