Economic Globalization - Sunghoykoung

Economic Globalization - Sunghoykoung

SUMMARY
Transnational corporations that violate autonomy and push national boundaries are three-dimensional state enterprises, and it is stereotypes made of misunderstanding that violate autonomy and push national boundaries. In the past, authorized trading companies such as East India Company and Hudson Bay Company were interconnected, which was an important point for economic development around the world. But over the past 50 years, the number of tnc has increased exponentially. TNC (TNC) refers to "a company that has the authority to coordinate and control operations in one or more countries." The TNC accounts for about one-tenth of the world's GDP and generates one-third of its total exports. The majority of the world's top 100 tnc still maintain more than half of its output. TNCs exist in various forms, but they interact with each other in common as a combination of political, social and cultural settings.

The activities of the TNC can be summarized in two ways: market-oriented investment and asset-oriented investment. Like most companies, TNCs can be considered central network density. There are many different ways the TNC's internal network is organized and geographically organized, and the way customers connect to external networks. Diversity is affected by some industrial environments run by the company, such as its specific history, cultural and administrative legacies in the form of recognized practices built over a period of time, competition in character and complexity, and technical and regulatory structures. Depending on the nature of geographical distribution dispersed in different political, cultural and social environments, the TNC is much more difficult to coordinate and control than the brass enterprises limited to a single ethnic space. More sophisticated organizational structures are needed. Without a sophisticated organizational structure, concentrated production worldwide creates economies of scale, but it increases transportation costs and reduces corporate knowledge of distant markets. Second, it is produced especially for markets in regions and countries. The economy of scale is limited by the size of the market.
For this reason, the localised nature of the TNC may make effective negotiation of labor difficult. Rather, CSOs will be able to overcome geographical constraints of local workers and consumers by utilizing Internet media. We should avoid simple arguments in favor of the TNC, recognizing the strong power and impact it has. The TNC can be powerful but has no absolute force.

INTERESTING POINT
It is an interesting point how companies have expanded their reach among transnational countries.

It is impressive that the government can have many limitations in controlling TNCs due to the characteristics of TNCs, and CSOs can have a great impact on TNCs through Internet media.

DISCUSSION
What is the most important situation for beginners and companies to consider when coming to Korea? Can transnational companies win each other when they come to Korea?