CHAPTER 3

• Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway
• International companies are importers and exporters, typically without investment outside of their home country.
• Multinational companies have investment in other countries, but do not have coordinated products offerings in each country. They are more focus on adapting their products and service to each individual local market.
• Global companies have invested in and are present in many countries. They typically market their products and services to each individual local market.
• Transnational companies are more complex organizations which have a central corporate facility but give decision making, research and development (R&D) and marketing powers to each individual foreign markets. ​
• Commodity chain refers to the whole range of activities involved in the design, production, and marketing of a product.
• Producer-driven commodity chains are those in which large, usually transnational, maniufactures play the central roles in coordinating production networks.
• Market globalism is a hegemonic system of ideas that makes normative claims about a set of social processes called globalization.
• Consumerism is a theory that the more you spend, the more better off the company is
• Market regulation is a free intervention from the government
• Laissez-faire theory is an economic philisophy of free-market capitalism that opposes government intervention
• Tax holiday is a government incentive program that offers a tax reduction or elimination t businesses.
• McDonaldization is a global phenomenon, driven by Western corporations, the economic power and cultural dominance of the West, and as such it leads to a global homogenization of economic and social life.
• Market Globalization was used to define the imperial activities of the industrialized countries
• Al-Qaeda is a broad-based militant islamist organization
• September 11 attacks is define as a series of airline hijackings and suicide attacks committed in 2001 by 19 militants associated with the Islamic extremist al-Qaeda
• Osama bin Laden is a founder of islamist organization Al-Qaeda