Assessment of globalisation: a revisit. (20th May 2008)

• Record Type: Journal Article
• Authors: Jain, Subhash C.; Srinivasan, Narasimhan
• Is Part Of: Journal for global business advancement. Volume 1:Number 2/3(2008)
• Page Start: 178
• Page End: 203
• Publication Date: 2008-05-20
• Subjects: conceptual definition -- empirical assessment -- globalisation -- multinational corporations -- transnational corporations -- MNCs; Business -- Periodicals; International business enterprises -- Periodicals; 650
• Languages: English
• ISSNs: 1746-966X

Abstract

A comprehensive conceptual definition of globalisation is offered: 'the process by which the world's economy is transformed from a set of national and regional markets into one that operates without regard to national boundaries whatsoever'. A model of globalisation is discussed. Using 1997 UNCTAD data and a criterion of a firm attaining 50% on any two of three variables (foreign/total sales; foreign/total assets and foreign/total employment) to qualify as a 'global' corporation, it is found that half of the world's largest MNCs are 'global'. The 2006 UNCTAD data shows that 61 of the top non-financial transnational corporations qualify as 'global'. Empirically, it is seen that globalisation is increasing.