How does globalization present challenges to the sovereignty of states as a result of the power of multinational corporations? Free Essay, Term Paper and Book Report
Multinational corporations challenge the sovereignty of states through their influence on economies and politics. As business organizations which operate across two or more countries, multinational corporations are symbols of globalization. To illustrate how multinationals impact on the economic sovereignty of states and the political processes it will be essential to explore the role they play in international trade, privatisation and their influence through political lobbying and election contributions.
Multinational corporations yield incomprehensible power. Of the largest 100 economies in the world, 51 are corporations and 49 are countries. This statistic conveys the amplitude of the economic disparity between most states and multinational corporations. National governments now have much less control over their economies due to the forces of multinational corporations who view the world as a single global market, aiming for the unimpeded flow of goods and services, labour and capital across national boundaries. This benefits the consumer and the owner of the means f production,......
Word Count: 676
Page Count: 2.7 (250 words a page / double spaced)
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