Globalization Is A Positive Or Negative Development

1.0 Introduction 1.1 Background: Globalisation is the process of interaction and integration within the people, companies, and regimes of different nations. Globalisation is driven by international trade, investment and availed by information technology (The Levin Institute - The State University of New York Authorship, 2014). Globalisation is controversial, those against globalisation claim that the engenderment of an unfettered international free market has benefited multinational corporations mostly in the Western World. This has been done at the expense of local enterprises, local cultures and mundane people, especially in developing countries. (The Levin Institute - The State University of New York Authorship, 2014). On the other†¦show more content†¦3.0 Case Study 3.1 Transnational Corporation. Swiss multinational food and beverage company, Nestle, whose headquarters is in Vevey, Switzerland, is the largest food company in the world (measured by venues.) Nestlà ©Ã¢â‚¬ â„¢s products include baby food, bottled water, breakfast cereals, coffee and tea, confectionery, dairy products, ice cream, frozen food, pet foods, and snacks. Twenty-nine of Nestlà ©Ã¢â‚¬â„¢s brands have annual sales of over $1.1 billion US Dollars, including Nespresso, Nescafà ©, Kit Kat, Smarties, Nesquik, Stouffer’s, Vittel, and Maggi. Nestlà © has 447 factories, operates in 194 countries, and employs around 333,000 people. It is one of the main shareholders of L’Oreal, the world’s largest cosmetics company (Annual Results, 2014). 3.11 Effects on the natural environment. According to the Nestlà © 2014 website, the company pledges to improve resource efficiency, provide climate change leadership and provide natural capital, including forests. The Nestlà © Environmental Management System (NEMS), used to implement the Nestlà © Policy on Environmental Sustainability, is predicated on a continual amendment management cycle. The efficacy of NEMS reposes o n the utilisation of practices provided by Nestlà © Continuous Excellence (NCE) initiative. By applying these practices, Nestle amend efficiency, quality and productivity, which translates into more production with fewer resources and less waste. Their challenge is that, in many countries, public wasteShow MoreRelatedGlobalization is a World Where More Nations are Interdependent on Each Other741 Words   |  3 PagesAccording to Anthony Giddens, globalization refers to the fact that people are increasingly living in one world where various nation, group and individual are becoming more and more interdependent of each others. Usually globalization is often portray as a economic phenomenon where the transnational corporations(TNCs) whose operations are so massive that it stretches across national borders at the same time influencing economic activities and labor markets. 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