Occupational Wages and Globalization (Report‪)‬

1. Introduction The world is becoming more globalized. Unlike the period of globalization that occurred prior to the First World War, the present wave of globalization is being led by a new and powerful form of business organization --the multinational firm. This new form of business organization, recently evolved under capitalism, is expressly designed to do business in an international setting and has the potential ability to dominate not only national but international business. In the present world, it is the multinational corporations, not national economies composed of small independent traders, which are intimately connected with the flow of goods, services, and investment across borders.