It involves extensive cooperation in setting national economic policies, occurs mostly through reciprocal political agreements, and often yields major voluntary constraints on otherwise desirable national actions and activities. The huge breakthroughs in information technology that have come our way in the past three decades are an everyday fact for hundreds of millions of people. Satellite and fiber optic technology permit global communications at high speed and low cost. These technological advances have contributed greatly to global interdependence. MNCs have become the most effective international transfer agents ever known.
All indications are that MNCs have become a permanent feature of the world economy.
Cross border deal making. Hardly a week goes by without an announcement of yet another cross-border mega merger. Shareholders appear to support cross border deals. Regulators, by and large, seem to have few objections and consumers appear supportive. Wide globalization of markets.