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ALL WORK MUST BE ORIGINAL. NO PLAIGIARISM AS WORK WILL BE CHECKED THRU TURNITIN PLAGIRISM CHECKER
Write a 4 page APA formatted paper with proper citations, references, and a minimum of 4 reference sources addressing the following:
1. Conduct research which addresses the question, “Why do companies go global?”
2. Include a discussion of social responsibility and the environment in which global companies operate in.
3. Review the latest APEC Guide to Investment Regimes, which can be found at www.ustr.gov by going to the Trade Agreements tab.
4. Select two of the countries listed there and explain how some of the initiatives discussed might entice multinational corporations to choose to invest in this region in their efforts to “go global.”
Explanation & Answer
Attached.
Running head: REASONS FOR GOING GLOBAL
Reasons for Going Global
Student’s Name
Institutional Affiliation
Date
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REASONS FOR GOING GLOBAL
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Reasons for Going Global
Globalization has progressed significantly over the last two decades due advanced
information and technology leading to improved communication, legal infrastructure, transport
as well as the political consciousness as countries open up their markets to international trade
and finance through trade agreements and conventions like World Trade Organization (WTO),
European Union, and Asia-Pacific Cooperation (APEC) among others. As such, companies are
expanding their operations beyond their home markets due to several incentives (Quackenbos et
al., 2016). The essence of this essay is to discuss reasons that make companies to have global
operations, and the social responsibility of these firms in the international environment. It is final
part; the essay selects two countries in the APEC trading agreement to demonstrate how
nationals can incentive multinationals to invest in their markets.
Why companies go international or global
In his article, Biggs (2013) posits that firms go global and start operations in international
markets for a host of reasons. The various reasons for the entry of these firms in the global
marketplace allow them to produce unique strategies, goals, and how they participate in the
market. Companies in most instances apply a common approach to going global by increasing
their commitment to the development of a market. Further, in most instances, entry into the new
markets is usually through an independent local firm. More fundamentally, firms go global for a
set of reasons and the first among them is the need to increase sales. Increased sales through the
global market improve a firm’s overall revenues because of an expanded customer base. For
instance, a software firm in the United States would increase its revenue and sales by expanding
to the European Union market that consists of about 1 bill...
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