1) What are three examples of the the impact(s) of modern imperialism on modern day nation states / peoples? Please use examples from the text to support your argument.
The fourth stage includes “establishing foreign manufacturing facilities”.The fifth stage involves “multinationalizes management from top to bottom” and the last one “multinationalizes ownership to corporate stock”. Finally, firms tend to become multinational by establishing an “Internet Encarta”. As Quelch and Klein argue: “any company that establishes a site on the Internet, automatically becomes a Multinational corporation:”. Conclusion: To conclude, economic globalization is a thriving phenomenon of the past century and has greatly influenced the world’s economy. Indeed, an aspect of economic globalization is the development of firms into multinational companies. Nowadays, it has been observed that more and more companies aim in exporting their products and augmenting their costumer database. Either by establishing an Internet Encarta or franchising, firms aim to increase their profits while at the same time they contribute in the construction of a global marketplace and the increase of the world’s GDP. Also, firms that become multinational, increase the global sales and the size of the market. As a result, customers around the world have a greater variety of products to chose from and therefore, increase any firms’ income. Furthermore, cheap labour and cheap raw materials attract the owners of firms since they lead to reduce unit costs, which again results into an overall profit of the specific firm. Moreover, the production increases and becomes more efficient since firms start getting involved with a group of more “technologically developed” companies, when cooperating with multinational companies.>GET ANSWER