Abstract
After embracing globalization, some countries have achieved fast growing. Meanwhile, many multinational corporations (MNCs) have made significant profits and also contributed a lot to economic growth. However, opponents believe that the benefits haven’t been equally shared and view it “as a threat to prosperity, cultural integrity, and the environment” For developed countries that compete successfully in the globalisation process, globalisation causes great economic growth and prosperity .On the contrary, developing countries that are excluded in the globalisation process become more marginalized and more vulnerable. Although globalisation has many benefits, the common good hasn’t been improved by economic globalisation and the activities of MNCs.
Highlights
Globalisation is the “buzzword” of the modern world
The purpose of this paper is to discuss the common good is not improved by economic globalisation and the activities of multinational corporations (MNCs)
Besides the benefits mentioned above, many people do believe that globalisation has lost of negatives
Summary
Economic globalisation refers to “the removal of barriers to free trade and the closer integration of national economies” (Stiglitz, 2002,p.ix). Globalisation has given rise to growing forceful worldwide anti-globalisation movements, and has attracted the hot debates from researchers, corporations, policy makers and social activists since 1980s. Proponents regard it as a force for economic growth; opponents believe that the benefits haven’t been shared and view it “as a threat to prosperity, cultural integrity, and the environment”(Eweje, 2005, p.6, lecture 2).
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