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Corporate Governance & MNES in Globalization & Cyberspace (Hardcover)
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Corporate Governance & MNES in Globalization & Cyberspace (Hardcover)
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Globalisation is the phenomenon of improved integration of the
world economy as evidenced by the growth of international trade and
factor mobility. Globalisation involves primarily liberalisation of
trade in goods and services, and a free movement of direct and
portfolio capital. Nowadays, globalisation is distinguished in part
because of the major role of information technology and cyberspace.
Cyberspace includes a range of places connected to real space in
many different ways. A communications network changes the character
of existing space. Thus, changes in the ways that information is
experienced and the ways that economic, political, and personal
dealings are structured, change the nature of real space. There is
a shift from international law to law and globalisation providing a
new incentive for erasing the artificial boundary between public
and private international law. Despite the fact that international
financial institutions and MNEs are the engines of economic
globalisation, powerful states remain the vital drivers. Global
governance is defined as the amount of laws, norms, policies, and
institutions that identify, constitute, and mediate trans-border
relations between states, cultures, citizens, intergovernmental and
non-governmental organisations, and the market. Corporate
governance focuses wholly on protecting the interests of equity
claimants in a company, expanding its focus to deal with the
problems of "stakeholders" or non shareholder constituencies. New
communication and circulation technologies together with the
elimination of trade and investment barriers have shaped global
markets with global competition for corporate control, commodities,
services and capital. MNEs taking up a transnational strategy seek
to achieve concurrently global effectiveness and local
responsiveness with the assets and activities dispersed but
specialised.
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