Globalization has increased the power of multinational corporations from "summary" of Globalization and Its Discontents by Joseph E. Stiglitz
Globalization has allowed multinational corporations to expand their reach across borders, giving them unprecedented power and influence. These corporations can now operate in multiple countries, taking advantage of differences in regulations and tax policies to maximize their profits. This increased power enables them to negotiate favorable deals with governments and exploit workers and resources in developing countries. One way in which globalization has enhanced the power of multinational corporations is through the creation of international trade agreements. These agreements often prioritize the interests of corporations over those of workers and the environment, giving corporations the ability to challenge governments that try to regulate them. This creates a race to the bottom, as countries compete to attract investment by offering lower wages and ...
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