Broader, More recent changes

Recent changes – comprised the fifth view. These broad changes happened in the last half of the twentieth century.

Scholars today point to these three notable changes as the origin of globalization that we know today.

1. The emergence of the United States as the global power (post-World War II)

2. The emergence of multinational corporation (MNC)

3. The demise of the soviet Union and the end of the Cold War

The United States, Germany, and Great Britain had in their homeland great corporation which the world knows today.

However, they did not remain there as far as their production and market are concerned.

For example:

• Ford and General Motors originated in the United States but in the 20th century, they exported more automobiles and opened factories to other countries


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