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Compose a 2000 words assignment on the importance of energy strategy for transnational business in the future. Needs to be plagiarism free!
Compose a 2000 words assignment on the importance of energy strategy for transnational business in the future. Needs to be plagiarism free! Globalization is the process that occurs when a world-spanning system of communication and implementation integrates the local economies, societies, and cultures. The process of globalization also refers to the worldwide movement of thoughts, languages, or admired culture through acculturation. National governments are broad coalition governments, which are normally formed during a time of any national emergencies or wars. These national governments consist of all parties in the legislature. The best-known example of the national government is the National Union government in the United States. In this essay, the reasons because of which globalization has made the transnational MNEs more powerful than national governments in the EU and USA will be presented.
“There is a growing view, approaching conventional wisdom that the power of the nation-State is eroding from above, by globalization, and from below, by devolution.” In short, globalization and delegation are the two main factors, which are eroding the nation-state. This statement of Ostry gives a clue that globalization plays a very significant role in influencing the power of the national governments of the state.
The main function of national governments is to direct and influence the economies of their countries. Nevertheless, globalization has resulted in the little influence of the national governments on their economies. With globalization, the liberty of action of nation-states gets limited. These new set of limitations are brought by the internationalization of economic markets, of technology and of some manufacturing and services. The appearance of the World Bank, the European Union, and the European central bank, etc has also resulted in a novel limitation for the national government. The creation of these limitations by globalization does not really mean that national government can no longer manage their economies but they have to make themselves adaptive to the pressure of transnational market forces. .
