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Academic Journal of Business & Management, 2021, 3(1); doi: 10.25236/AJBM.2021.030109.

The impact of globalization to the multinational companies

Author(s)

Qiqi Zhu1, Jingyi Chen2

Corresponding Author:
Qiqi Zhu
Affiliation(s)

1 School of Social Science, University of California, Irvine, 92697, CA, The US 

2 Division of Social Science, University of California, Santa Barbara. 93106, CA, The US


Abstract

The increasing trend of globalization has unignorable impact on global economy. In the past centuries, we have experienced a rising number of trade unions and trade agreement. Globalization has been blamed for job stealing and depressing wages all over the world. The earning growth has slowed down in the United States even though the development of technology is unprecedented.  The implications behind globalization are valuable.

Keywords

globalization, multinational companies, labor, price level, developing country, develop country

Cite This Paper

Qiqi Zhu, Jingyi Chen. The impact of globalization to the multinational companies. Academic Journal of Business & Management (2021) Vol. 3, Issue 1: 77-82. https://doi.org/10.25236/AJBM.2021.030109.

References

[1] Chang, C.-P., & Lee, C.-C. (2011). The partisan comparisons for global effect on economic growth: Panel data analysis of former communist countries and European OECD members. Eastern European Economics 49 (6), 5-27.

[2] Stiglitz, J.E. (2012). The price of inequality – How today’s divided society endangers our future. New York & London: Norton & Company.