SOSC 1340 Lecture Notes - Joint-Stock Company, Horizontal Integration, Sole Proprietorship
31 Jan 2013
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Document Summary
Key agents of globalization (international trade and fdi) Rise of capitalism and private corporate powers. Sidelining the government: have the lost power to corporations, erosion of democratic transparency and controllability. How powerful are mncs: size of mncs compared to countries. Walmart"s profits are more than norway"s total gdp. Market capitalization = value of a corporation. Includes assets and liabilities, but not necessarily related to profits: distinguishes a publicly-listed corporation from other businesses, not all business are corporations, calculated by share price * number of shares, shares. Shares give the shareholders ownership and voting rights. Splitting up the profit by number of dividends. Companies buy back their own stocks: worldwide market capitalization crashed in 2008. Significant fall in the value of corporations. Global financial crisis made them lose about 1/3 of their value. Stocks go up and down all the time.
