Corporate Globalization and Greed
Corporate Globalization and Greed What Is Corporate Globalization?What does this phrase mean? Large corporations reach across the world. They have offices and factories in many different countries. They have the financial resources to develop an underdeveloped country by introducing western automation in production and advanced technology. They change people's lives in an underdeveloped country, and not always in a good way. This is corporate globalization. Corporate globalization has already taken over the world. 60 of the world's top 100 economies are not countries but corporations. For example: Royal Dutch Shell's revenues are greater than Venezuela's Gross National Product. Walmart's revenues are bigger than Indonesia's. General Motors revenues exceed the revenues of Ireland, New Zealand, and Hungary, combined. These transnational corporations essentially own the world. It's a scary thought: the world is, in effect, owned by greedy corporatio...