Abstract The paper discusses how many people believe that globalization is a good thing for the world; for example, it has opened up free trade and it has made the world a smaller place, a global village. However, other people argue that globalization is extremely negative, it is bad for the economies of smaller countries and it threatens the environment. The thesis of this paper is that the rise of globalization since Bretton Woods has led to an alarming rise of transnational corporations (TNCs).
