Blog assignment 4 : Economic Globalization / Sujin Park

1. Summary

World-class corporations, which are so-called 'lost' giants.
They are not responsible for worldwide operations and for loyalty to any particular country or community. Corporation such as General Motors, Royal Dutch Shell, IBM, Toyota, Unilever, and others.
It is more powerful than in many countries, although it is usually a device used to compare relatives.
TNC member countries operate in only one or two countries outside their home turf what they all have.
In common, they operate in different political, social, and cultural environments.

Why did you choose 'TRANSNATIONALIZE'?

Motivation
The reasons why businesses expand their businesses out of the country and how they do so are complex and highly dependent on specific situations. However, although there may be an embarrassing variety of reasons for the TNC activities, we can break this down into two broad categories.

Market-oriented investment
The domestic market (a matter clearly related to the overall size of the domestic market) therefore increasing profitability depends on whether the market can extend beyond its own territory.

Asset-oriented investment

The geographic imbalance in the market is one of the main reasons companies make transnational investments.

2. Interesting

It was interesting to learn about the nature and history of economic globalization from a corporate perspective. Companies are eager to make inroads into the world these days. In fact, I thought it would be enough to succeed in the domestic market. But this article shows why companies are so eager to enter the world. There are a lot of Trans National Company (TNC) in Korea. I would like to find out more about the characteristics and strategies these TNCs have.

3. Discussion

What kinds of TNCs are famous in Korea? And what they did and do?


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