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P/B/327. Globalisation and the power of Corporations

(2004, 5000 words)

The paper discusses the role and power of business in modern life. The reasons behind the establishment of global corporations and business elites are explored; the outcomes of this phenomenon are argued. The author seeks to understand the benefits and losses of corporate globalisation for various strata of society and stresses the need for establishing worldwide standards for health, safety, and environment and consumer protection.
 
   
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