The growth of stock markets and multinational corporations operating across borders are major mechanisms driving rapid modern economic globalization. However, the benefits are uneven, with stock market capitalization and multinational corporate practices reinforcing inequality by favoring wealthy nations and populations over poorer countries exploited for reduced costs.
A large illuminated Samsung advertisement placed over the Barcelona Cathedral, which is more than 500 years old.
Additional Links & Readings:
- What Really Controls Our Global Economy – The New York Times