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Economic Globalization and Corporations

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Nine corporations from around the world have been selected as top sponsors for this year’s Olympics in Seoul, South Korea, but Korean companies are not on the list. Korea failed to avail itself of an opportunity to display its industrial and economic power to a worldwide television audience. Regardless of who takes home the medals, corporations from the United States, Japan, and some other countries stand to make a lot of gold at the Seoul Olympics.

The involvement of corporations from multiple nations in the global economy best illustrates which of the following broader economic processes?

A

Globalization of economic activities

B

Shift towards autarkic economies

C

Decline in international investments

D

Isolationist trade policies

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