| Multinational corporations, globalization and diversityMost
of the firms currently listed in the Fortune 500 are multinational corporations
(companies that maintain significant operations in two or more countries
simultaneously).
Although international business have been around for centuries, multinationals
are a relatively recent phenomenon. They are a natural outcome of the global
economy. Multinationals used their worldwide operations to develop global
strategies. Rather than confining themselves to their domestic borders, they
scan the world for competitive advantages. The result? Manufacturing, assembly,
sales, and other functions are being strategically located to....
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