Do multinational corporations and financial institutions, including banks and investment funds, play a significant role in generating globalization processes?
In recent years, the importance of supranational large corporations and financial institutions, including banks and investment funds, has been growing.
These large industrial, service, commercial and financial corporations are a particularly important factor in contemporary globalization processes. If such large corporations operate cross-border, cross-border in many countries, including small economies, generate negative processes of globalization, then in these countries reverse and deglobalization processes may appear.
Deglobalization, ie the reverse process to globalization, is taking place most strongly in those economic regions in which globalization processes generate many negative aspects.
In view of the above, I would like to ask you: Do multinational corporations and financial institutions, including banks and investment funds, play a significant role in generating globalization processes?
Please, answer, comments. I invite you to the discussion.
Yes....... Financial Inclusion is possible only through well developed system,and with the active role of great financial institutions.
Dear @ Dariusz Prokopowicz
if we talk about financial globalization, yes they play a very big role, as long as the flow of liquidity and international financial transactions pass through it.
Dariusz Prokopowicz Globalization depends on channels that is available to deliver the goods and services. The financial institutions tend to achieve profits and seek for new sources of funds and new customers. Therefore, it is going globally services as other corporations and that already support the globalization process.
Dear Ammar A. Oglat, Sanjeev Bansal, Reda Bouchikhi, Sadek Seffih, Mohammed Faez Hasan, Thank you very much for your answer and participation in the discussion. I am very glad that an interesting discussion has started. Best regards, Have a nice day,
Dariusz Prokopowicz
Dear Dariusz Prokopowicz the capital mobility promoted by globalization requires a convergence of policies that will guarantee that owners of financial resources receive roughly the same, risk-adjusted, real return everywhere, intervening in the sphere of sovereignty of the Nation-states, as they impose on the establishment of uniform global standards to protect their economic interests and maximize their profits. According to George Ritzer, the social world is becoming increasingly “McDonaldized” and corporations and financial institutions play an important role in this process.
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