Globalization is the name given to the process of connecting the world through increased trade and cultural exchanges. This process began centuries ago but has increased rapidly over the last half century.
Multinational corporations are a great example of globalization. This is the name given to a company that has offices in a country other than its home nation. The U.S. fast-food chain, McDonalds, is one example of a multinational corporation. McDonalds started out as a national company but quickly grew to become a global success. It now has over 30,000 restaurants in 119 countries.
The vast majority of multinational companies come from the U.S. and the U.K. They are encouraged to invest and expand abroad because of access to raw materials, cheap labour, good transport networks and friendly government policies, which encourage globalization.
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