Published 01-05-2018
Keywords
- globalisation,
- world economy,
- transnationalisation,
- economic sovereignty,
- FDI
Abstract
In today’s developed world there is an increasing emphasis on megatrends that influence the development of our society. Megatrends are effects and processes that strongly determine the future and also the limitations of economy and society, at the same time indicate viable options. An example is globalisation, the catalyst of development, which includes world-wide standardisation and universalisation processes in the economy, society and several other areas of life. Taking these into consideration, and also based on the article titled ‘The New Rules of Globalization’, which was published in Harvard Business Review, our aim is to present the most important views of globalisation, and its effects on national culture and businesses, including a few paradox effects. We also analyse the trends and directions of foreign investment inflows and regional features. We illustrate transnationalisation based on data of Top 500 and Top 10 international companies. Our ultimate aim is to clarify the definitions and identify the main drivers and effects of internationalisation and its more advanced form: globalisation.