Globalization And The Development Of Transnational...

Globalisation has led to the development of transnational corporations. Nestle exemplifies a transnational corporation established through globalisation, in both developed and developing countries, maximising resources and facilities to further the growth of the company. Globalisation has opened up borders between all continents. Transnational companies, such as Nestle, have thus required cheaper labour, to successfully obtain resources and remain competitive. Furthermore the extent to which transnational corporations like Nestlà © reach geographically, gives the company influence, impacting different communities financially and socially. Interaction and integration among people and companies, driven by trade and investment is globalisation. Many companies in the world today have grown to become large, multinational companies by establishing facilities globally. An example of this is Nestle’s establishment of facilities in 85 countries, with 436 factories, in every continent globally. Companies need to source raw materials and produce products competitively. This has led companies such as Nestle, to set up factories to be able to produce products and sell them without having to export, seen in the way fresh milk is collected in China and India, and distributed from factories in China and India. It has also led to transnational companies using labour in developing countries, where wages and the cost of living is low, to reduce their operational costs. Nestle buy many productsShow MoreRelatedGlobalization : The Globalization Story1361 Words   |  6 PagesThe Globalization Story Most portrayals of globalization emphasize a natural and progressive view of increased international integration as a result of developments in transport and communication. As this occurs, it is important to remember that such integration is part of the larger historical process of industrialization and, like industrialization, globalization is the product of choices made by powerful actors. 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