Cate Hegarty MBA 512: Globalization Assignment 8: Anarchy of Globalization
Analysis of Perelman’s Definition of Globalization
Globalization can be defined as “the integration of national economies through trade, investment, capital flow, labor migration and technology” (InvestingAnswers, 2018).
However, Perelman points out the true definition of globalization is much more confusing and complex than that. He brings to light the areas within the current global market that are inefficient or even harmful due to the expansion of this market.
He argues that today, corporations hold the power to globalization and therefore policies are overlooked, and punishment is rarely served (Perelman, 2018). Although I agree with him in some respects, I also recognize the power that social media and consumer interests holds in today’s globalized market.
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