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. While most recognized markets are turning increasingly global, none equals the internationalization of financial markets. There is now an almost autonomous world economy of money, credit, and financial investments. This economy is based strictly on information and new records are set in international financial markets literally daily.