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Globalization Impact and Response

Corporate Re-organization Multi-national Corporations (MNCs) now

dominate the corporate world. Ben and Hall (2008) states that the account!or "#$ o! the world output and 2#$ world trade% & the worlds trade in

manu!actured 'oods and 80 o! the worlds land cultiated !or e*port crops.

+n ",,% 8 o! the top "00 MNCs were headuartered in the /nited tates%

1urope and apan.

3he most prominent !eature o! corporate reor'ani4ation has 5een mer'ers

and acuisitions. 6or e*ample% Canadian +mperial Ban7 (C+BC) and Bar7les

Ban7 9i!e o! Bar5ados and Bar5ados Mutual (:;+Cenneds

1nterprise acuired ?ams 9td. Bar'ain Center acuired ;rant Brothers.

Mer'ers impact on competition% create aenues !or ta* aoidance etc.

Political 3he process o! 'lo5ali4ation is shi!tin' power awa !rom

'oernments to multi-lateral institutions% e.'. @3

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=esponse ;oernment conduct ?oert :ssessment and /nemploment

sures and ?ro'rammes.

Cultural : 'lo5al mass culture has emer'ed as a result o! economic

'lo5ali4ation% international media% and international mi'ration. 3he e*posure

o! small deelopin' countries to the international media ca5le 3E inparticular has had a maDor impact on li!estles% consumer ha5its and

patterns o! 5ehaior. 3he outcome is a dilution o! national identities and a

diminishin' o! national cultural and the emer'ence o! international cultural

diersit.

Regional Cooperation -