P3-6. Slimline is a joint venture among three companies—

a local Sri Lankan firm, a British firm, and a U.S.

firm. What are the benefits of this joint venture to each of these companies? Globalization means different things to different people. To the CEO of a multinational enterprise, globalization reflects the changing business world: access to new consumers, opportunities to reduce production costs by siting factories in low-cost areas, and the threat of competition from foreign firms. To workers in developed countries, globalization often implies job insecurity and no raises. To human rights activists, globalization implies exploitation of workers and denial of human rights