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Essay / Research Paper Abstract
This paper examines theories of globalization as suggested by Thomas Friedman, and compares this with Alfred Chandler's business theories. Although the two men differ on what, exactly, impacts an economy, both agree that big business is a definite influence. Bibliography lists 2 sources.
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6 pages (~225 words per page)
File: D0_MTglopra.rtf
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into a new global age, in which a new world order is shaping up, a world that is more homogenous and alike, rather than different. Alternatively, Alfred Chandler, in his
book, The Visible Hand: The Managerial Revolution in America defines globalization as not so much of the shaping of a new world order as much as it is an outgrowth
out of practices that helped shape big business in the United States, in which big business grew to dominate the branches and sectors of the U.S. economy and is now
starting to go out into the world to do the same thing. Chandler does acknowledge, however, that big business is the reason
why the economy - particularly the global economy - has altered its structure. The purpose of this paper is to allow that both men are correct; globalization will involve a
new world order, much as Friedman says. In addition, business practices are shaping what, exactly, globalization will become. Chandlers theories about business
and its shaping of the economy are not so far off (Chandler, 1977). The fact that Chandler wrote about big business and its influence on the economy back in the
1970s, long before globalization was considered a buzz word in business, is almost spooky in its prescience; as his belief that modern business enterprises, with administration coordination, helped enhance productivity
and cut costs, as opposed to market forces, which is the standard feeling in terms of success or failure of a business (Chandler, 1977).
During the 1970s, the "Cold War" was still on, and the amount of multinationals doing business was relatively small - in fact, during the late 1970s, there were
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