Abstract
While it is possible to debate the scale, pace and degree to which globalization is occurring in the world economy, there is little doubt that a transformation is underway in both countries and companies. It is being driven by three mutually reinforcing factors, namely the growing scale, mobility and integration of the world’ s capital markets; the diminishing significance of national boundaries as deregulation accelerates and as barriers to trade are reduced; and by the ability to use technology to exploit knowledge on a worldwide basis. These factors impact equally upon goods and services, although the latter is the concern of this chapter.
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© 2000 Neil Hood and Ewen Peters
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Hood, N., Peters, E. (2000). Globalization, Corporate Strategies and Business Services. In: Hood, N., Young, S. (eds) The Globalization of Multinational Enterprise Activity and Economic Development. Palgrave Macmillan, London. https://doi.org/10.1057/9780230599161_4
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DOI: https://doi.org/10.1057/9780230599161_4
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