What is the relation between economy and globalization?/ Jeong Ye-chan
Summury Everybody agrees that ultranational enterprises (TNC) are the core of the world economy. In addition, there is a widespread view that they live in the world of global companies. The first manufacturing and production companies outside of Japan were born in the late 19th century, and by 1914, the eve of World War I, many manufacturing companies in the United States, the United Kingdom and some continents of Europe gradually became supernational. Since then, the number of TNC's has increased geometrically. The most comprehensive definition of modern TNC, and the definition supporting the discussion in this chapter, is "enterprise with the power to coordinate and control operations in one or more countries". Unfortunately, there are definitions that cannot be quantified because of the complexity of cross-border companies. This is exactly why they are called global companies, but these large companies operate all over the world and have no loyalty to a particular co...