Title: Assessment of globalisation: a revisit

Authors: Subhash C. Jain, Narasimhan Srinivasan

Addresses: School of Business, U-1041 MK, University of Connecticut, Storrs, CT 06269, USA. ' School of Business, U-1041 MK, University of Connecticut, Storrs, CT 06269, USA

Abstract: A comprehensive conceptual definition of globalisation is offered: |the process by which the world|s economy is transformed from a set of national and regional markets into one that operates without regard to national boundaries whatsoever|. A model of globalisation is discussed. Using 1997 UNCTAD data and a criterion of a firm attaining 50% on any two of three variables (foreign/total sales; foreign/total assets and foreign/total employment) to qualify as a |global| corporation, it is found that half of the world|s largest MNCs are |global|. The 2006 UNCTAD data shows that 61 of the top non-financial transnational corporations qualify as |global|. Empirically, it is seen that globalisation is increasing.

Keywords: conceptual definition; empirical assessment; globalisation; multinational corporations; transnational corporations; MNCs.

DOI: 10.1504/JGBA.2008.018380

Journal for Global Business Advancement, 2008 Vol.1 No.2/3, pp.178 - 203

Published online: 19 May 2008 *

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