Global Econoraic Interdependence and Competition Assignment Help & Writing Service

Global Econometric Interdependence and Competition.

Most social analysts predict that transnational corporations will become even more significant in the global economy of this century. As they continue to compete for world market share. these corporations will become even less aligned with the values of any one nation. However. those who advocate increased globalization typically focus on its potential impact on industrialized nations. not the effect it may have on the 80 percent of t~e world's population that re sides in low-income and middle-income nations. Persons in low-income nations may become increasingly
baffled and resentful. wh en they are bombardedwith media images of Wcatern afllUlnce and consumption; billions of "have-nets" may feel angry at the "haves"-including the engineers and managers of transnational companies living and  orking in their midst. In recent years. the average worker in the United States and other high-i come countries has benefited more from 'global economic growth than have  workersin lower-income countries. For example. the average citizen of Switzerland has an income several hundred times that of a resident of Ethiopia. More than a billion of the world's people live in abject poverty; for many. this means attempting to survive on less than $400 a year.A global workplace is emerging in which telecommunications networks link workers in distant locations. In the developed world, the skills of some professionals will transcend the borders of their countries. For example, there is a demand for the services of international law specialists. engineers.
and software designers across countries. Even as nationsbecome more dependent on one another. they will also become more competitive in the economic sphere. Changes in the global economy may require people in all nations-including the United States to make changes in the way that things are done on the individual. regional. and national levels (see Box 13.4)

Share This