As the economic role of multinational, global corporations expands, the international economic environment will be shaped increasingly not by governments or international institutions, but by the interaction between
Answers
people's and mnc the economy expands
Explanation:
Governments and global corporations.
It is especially true in the context of countries like the United States, Japan and Europe. A major factor in this shift of the world economy is the trend towards regional trading blocs of many nations. These may have a potentially significant effect on the development of the trading systems of the world. Although various economic and political factors were responsible for launching the move to integrate the European Union’s markets, there was concern regarding protectionism within the EC. Now, it no longer appear to be a major consideration. If we compare then this is in sharp contrast to the FTA. The main reason for FTA was the fear of increasing United States protectionism. However, although markedly different in nature and origin, both the regional developments are highly important so that they will help in the integration of the two largest and the richest markets of the world.