Greatly increased transnational corporate activity over the last two decades is the primary reason for the globalization of the world economy.

Question

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The increased transnational corporate activity, including foreign direct investment, international trade, and cross-border mergers and acquisitions, has played a significant role in the globalization of the world economy. These corporations have expanded their business operations across borders, leading to the integration of national economies and the emergence of a global economy.

Greatly Increased Transnational Corporate Activity Over the Last Two Decades