What are the forces driving globlization?

Answer 1

I can give you a very simple answer as to,a domestic company is a company which operates only in its' mother country and that company has nothing to do with the international business (trade).Whereas others are dealing with the international figures. An international company is an arrangement which will operate internationally.They must be working domestically (or may be not) but catering with their goods and services to the international market. A global company is an arrangement which will be connecting through their business with two or more countries.Here,they will be able to produce their goods or services and to trade their goods or services to other countries.The significance is that they would not differentiate their good or service countrywise.It will be the same product throughout the world.The product is globalized.So they say they are a global company. A multinational company is somewhat like te global company but they go to the international market with a customized approach.The products they manufacture for country A would not be as same as to country B.So muiltinational companies differentiate their product line depending upon the country they serve. As I got to know from certain resources, Transnational Companies are also something like multinational but should be clarified. Hope you got your answer! Rangitha