How globalization has changed MNCs financial management
We are now living in a world where all major economic functions-consumptions, productions and investment-are highly globalized. For example, U.S. consumers routinely purchase oil imported from Saudi Arabia and Nigeria, garments from China, TV sets from Korea, shoes from Indonesia, and wines from France. Foreigners, in turn, purchase American-made aircraft, software, wheat and etc.
Like consumption, production of goods and services have become highly globalized as a result of multinational corporations (MNCs)i?? effort to source inputs and locate production anywhere in the world where costs are lower and profits are higher. Recently, financial markets have also become highly integrated. This development allows MNCs gain access to foreign capitals, as illustrated by Toyotai??s venture in China was partly financed by American investors who purchase Toyota shares traded on the New York Stock Exchange (Eun and Resnick International Financial Management 6e).
Because of globalization, it is essential for future business leaders to keep engaged in current events to develop critical thinking skills. This writing assignment will help increase your grasp of course concepts as well as ability to work with and apply concepts to real-world events.
In your term report, discuss how globalization has changed MNCsi?? financial management.
Please notice that:
To meet universityi??s writing requirement, the main body of your report should contain at least 2,500 words.
A report containing fewer than 2,500 words will get a grade of zero.
You should provide thorough discussion of the assigned topic.
You should refer to at least three WSJ articles published since January 01, 2015 as examples to support your discussion.
Your term report should contain a cover page that lists the number of words in the main body of the report.
Your term report should contain a citation page that outlines the sources of information you use as reference.
Your term report will be graded by its quality, indicated by its correctness, thoroughness, professionalism and originality. Please refer to the i??writing evaluation rubrici?? posted to CC for more details.