2 terms that are MUSTS in every globalisation essay:
- interconnectedness
- interdependence
How does Growth of MNCs drive Globalisation
Point: MNCs drive globalisation by promoting interconnectedness of the world through their operations and services Examples: Nutella: (operations in multiple countries, production of Nutella requires ingredients from multiple countries) Nutella
Starbucks
Iphone?
Explanation:
- through their massive supply chains, MNCs are able to connect the world and make countries more economically independent.
- When MNCs set up operations in other countries, the hiring of local manpower / workforce further increase the interdependence ^a57531 between countries