(6) Globalization and counter-globalization

The benefits and drawbacks of globalization has been a hot topic of debate in recent years. Globalization, the integration of technology, economy, trade, and financial markets across borders, is the most important trend and development in the past three decades. Why do MNCs advocate globalization? Use specific MNC examples to discuss positive and negative impacts of globalization on the financial management of MNCs. Why do some people oppose globalization? What are challenges and opportunities in financial management for MNCs if the globalization trend is reversed? Give two specific examples of MNCs to illustrate.