Globalisation of business activities Essay Example | Topics and Well Written Essays - 2250 words

Globalisation of business activities - Essay ExampleIt should be famous that there are quite a number of key players that drive globalisation and these include the multinational corporations, World Trade Organisation (WTO), World intrust and International Monetary Fund (Rodrick 2001). Different governments are also key actors as they authorise trade to take place between them and the multinational corporations intending to initiate in their countries. They are very instrumental in determining the outcomes of trade and sitement between the states involved as they would be responsible for regulating the operations of the multinational companies. The WTO also plays a pivotal role in that it facilitates the platform through which international trade agreements are negotiated and enforced among member states. On the new(prenominal) hand, the World Bank and the IMF are major actors in that they provide with loans as well as technical assistance to the governments or multinational cor porations that wish to invest in other different countries.2. The manufacturing sectors in different countries seem to have rapidly expanded on a global scale and the three major drivers that seem to have accelerated the trend of globalisation in this sector include the government, cost, market and competitive. In the manufacturing sector, it can be noted that it is expensive to force certain products in other countries as a result of availability problems of raw materials, transport costs involved as well as sweat costs. Against this background, various multinational companies prefer to establish their manufacturing business in areas where raw materials are readily available and in some cases where there is availability of squalid labour.The market drivers are particularly influenced by per capita concentrations in industrialised countries where they seem to have greater control of the means of production hence can chance the