Economic Aspects Of Globalizing Politics
. The boost in economic output is key for our small town but the side effects need to be fully evaluated to see if the positives outweigh the negatives for our community. The most notable, and important, aspect of globalization is the effect it takes on the economy. Globalizing has benefited most businesses that have undergone the transformation to become transnational corporations. In fact, forty-four of the top 100 GDP’s are transnational corporations, while the other fifty-six are countries (Steger 54). This statistic, from Steger, shows how vital globalization can be to a business looking to grow. One example of how globalization has helped transform and revitalize a stagnant economy can be found in the current change going on in Africa.