The dramatic acceleration of globalization has been a central feature of world politics in recent decades. Subsequently, the concept of the nation-state becomes less vivid, while new actors such as multinational corporations (MNCs) become more important and influential on the international scene. Multinational corporations are a direct creation of globalization. The annual sales of these multinationals can exceed the annual gross domestic product of many nations, suggesting that such corporations might indeed be considered actors in the international system in the same way as nations (Brinkman and Brinkman, 2008). This essay aims to evaluate whether, in the era of globalization, multinationals are more powerful than nation-states. First, this essay will define multinational corporations and consider the power they hold. This essay will also consider how multinational corporations are similar to and differ from nation states. Ultimately, this essay will determine whether the power held by multinational corporations is equivocal or greater than that held by nation-states. Multinational corporations play a specious role in the global economy. The production of multinational corporations represents over a quarter of world production and over a third of world trade (Ritzer, 2011). For the purposes of this essay, a multinational corporation is defined as a cross-border business enterprise that owns and controls revenue-generating assets in more than one country (Tang, 2008). Well-recognized examples include Shell, McDonalds, IMB, General Motors, etc. The main objective of these entities is profit and growth. Multinational corporations emerged due to structural and inherent market imperfections such as unstable exchange rates, import restrictions, marketing and distribution costs, excise duties and subsidies, and grew rapidly due to economies of scale and their explosion... .half of the card......to develop in the future as the stakes become higher. Because of the virtue of multinationals' goals, humanity must ask itself whether it can afford to appoint multinationals with the responsibility of being the key player on the international stage. The activities of multinationals are likely to have future repercussions on culture, society and the environment. Some argue that more measures should be put in place to reduce the power of multinationals, however, since multinationals are already undermining sovereignty, perhaps the most effective solution would be to strengthen the nation-state status (Ku and Yoo, 2013) . In conclusion, in the era of globalization it is clear that multinational corporations are more powerful than nation states. Not only do multinationals share equivocal power in terms of economic and resource control, marketing, and loyalty, but they also have the power to influence the nation's political decisions, which in turn makes them more powerful..
tags