EFFECTS OF GLOBALIZATION ON COMMERCIAL LIFE

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EFFECTS OF GLOBALIZATION ON COMMERCIAL LIFE

Journal Title: Ancient Land - Year 2024, Vol 6, Issue 4

Abstract

Abstract The globalization movement has removed the trade barriers between countries and pushed internationally operating businesses to implement new strategies. As a result, world trade has gained different dimensions. The terms globalization and global managers are popular terms that come up when operating internationally. These demonstrate the universal interest in efforts to operate worldwide. However, these terms do not have the same meaning as international activities. Today, an extraordinary number of companies engage in international trade and investment, but relatively few are global enterprises. Although companies have been doing international business for centuries, the shift towards true globalization is a very recent phenomenon. The purpose of this article is to reveal the interaction of globalization and multinational enterprises, as well as the effects of globalization on world trade. The impact of multinational enterprises on the formation of globalization, the basic characteristics of the globalization process, the basic factors of globalization affecting world working life and the benefits it provides to multinational enterprises have been examined separately.

Authors and Affiliations

Amil Guliyev

Keywords

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Abstract This essay provides a comprehensive overview of international investment law, highlighting its evolution from customary norms to a structured legal framework. It discusses the rise of international investment l...

EP ID EP748685
DOI 10.36719/2706-6185/34/152-155
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