Coca-Col Economic Globalization

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Economic globalization has had quite a destructive impact on state regulation. The more competitive a nation is, the lesser the regulations are. Though this tactic is quite successful in attracting multinational corporations, it is also destructive in nature. In order to compete with such nations, other states are also forced to decrease their regulatory measures if they wish to get foreigners to invest in their country. Foreign investors are now consuming the money that should have been legally invested in maintains the rights of the public socially, economically and culturally. Moving Forward With the growing economic power of corporations, an increasing number of domestic and international systems have started relinquishing control over their business over to their locally dominant MNCs. This leads to economic power having a say over political influence, which can be dangerous if…show more content…
It is now one of the most popular beverages consumed. In 2005 it became the largest manufacturer, distributor and marketer of non-alcoholic beverages and syrups in the world.14Unfortunately, its story is not always one of good corporate social responsibility. Several campaigns and demonstrations followed the publication of a report issued by the Indian NGO Centre for Science and Environment (CSE) in 2003. The government set up a Joint Committee28 to carry out its own tests on the beverages. The tests also found the amount of pesticides that failed to meet European standards, but they were still considered safe under local standards. Therefore, it was concluded that Coca-Cola had not violated any national laws. In 2006, after almost three years of ongoing allegations, the CSE published its second test on Coca-Cola drinks, also resulting in a high content of pesticide residues (now by following European

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