The Handbook of Globalisation, Third Edition
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The Handbook of Globalisation, Third Edition

Edited by Jonathan Michie

The past 30 years are often depicted as an era of globalisation, and even more so with the recent rise of global giants such as Google and Amazon. This updated and revised edition of The Handbook of Globalisation offers novel insights into the rapid changes our world is facing, and how best we can handle them.
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Chapter 8: The role of transnational corporations in the globalisation process

Grazia Ietto-Gillies

Abstract

Globalisation is a complex phenomenon that is more in the nature of a process than a state of affairs. There have been several attempts at definition. Most definitions boil down to the fact that globalisation is both a process of geographical/spatial outreach and a process of an increased degree of interconnectedness and interdependence between people, groups and institutions based in different countries of the world. As a process of spatial outreach it is not new and has long historical antecedents. Nonetheless, it is argued in this chapter that the current process is considerably different from any previous process of outreach. One of the major differences is seen in the role that transnational corporations play in the globalisation process.

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