Globalization deepens corporate reach across borders from "summary" of The New Industrial State by John Kenneth Galbraith
Globalization is a phenomenon that has transformed the way corporations operate. In the modern industrial age, companies have expanded their reach beyond national borders to establish a truly global presence. This expansion has been made possible by advances in technology, communication, and transportation, which have facilitated the movement of goods, services, and capital across the world. As corporations have grown in size and scope, they have become increasingly powerful entities that can influence not only markets but also governments and societies. Their reach across borders allows them to access new markets, resources, and labor, which can give them a competitive advantage over smaller, localized firms. This advantage is further bolstered by the ability of large corporations to leverage economies of scale and scope, which can drive down costs and increase efficiency. In this new globalized economy, c...
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