... the developed economies and provide goods to services to parts of the world where they did not reach because of the ‘Developmental State’. Economic globalization means that international business operates on a global level. This can be seen as greater and deeper interdependence between countries that participate in world trade. Also, when the geographical area in which international business operates and when business operation modes increase they deepen the interdependencies between different economic actors. These actors are companies, organizations and countries (Dunning, 1997). Central factors through which globalization develops are (Väyrynen,1998): Increase of international trade Liberalization of capital markets Growth of the amount of foreign direct investment, which exceeds even the growth of foreign trade Expansion of technology in such a manner that (especially through information technology) meaning of physical distance in many operation modes decrease. Globalization may be seen as one end of a dimension of economic integration, with the nation-State as the other. The latter in ...

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