Corporate globalization

Corporate globalization refers to the process where companies expand their operations across multiple countries, integrating economies and markets worldwide. This includes producing goods in different countries, sourcing materials globally, and selling products internationally. It aims to increase efficiency, access new markets, and boost profits. While it can lead to economic growth and innovation, it also raises concerns about local job impacts, cultural influence, and environmental effects. Overall, corporate globalization connects businesses worldwide, creating a more interconnected global economy.