Multinationals In China

Over many centuries, human societies across the globe have established progressively closer contacts. Recently, the gait of global integration has dramatically increased. This is the first changes in communications, transportation, and computer technology have given the process new momentum and made the world more interdependent than ever. Multinational corporations manufacture products in many countries and sell to consumers around the world. Along with products and finances, ideas and cultures circulate more freely. As a result, laws, economies, and social movements are forming at the international level. They consider not only the Globalization of the Economy but also the Globalization of Law, of Politics and of Environment. Nowadays,

In addition to the development of gaming industry in Macau, there is an increasing number of multinational companies of chains in the recent decade. Multinationals companies are successfully established in the consumer market of Macau. These modern and innovative multinationals, play a very important role in the daily life of Macau people and are gradually replacing traditional industries like Chinese-styled bakeries. Not only do multinationals improve the quality of living in Macau, they also bring more business opportunities to Macau, hence increasing the level of employment. They have also shaped Macau to be a modernized, integrated and globalized city. However, aside from the benefits they bring, it is noticeable that negative externalities such as pollution, overcrowding and high prices of goods and services also arise. As to the culture aspect, Chinese traditional culture is inescapably affected by global culture. In the process of globalization, the western world takes a dominant position in advanced technology and economic system, therefore, the global culture is mainly composed by the western culture, which is characterized by free markets, consumerism, and individualism. In contrast, countries such as China and Japan have the tradition of collectivistic values. When traditional Chinese values meet global culture under the circumstance of globalization, there will be some extent of conflicts and integrations, which will generate the crisis on the issue of identity. An identity crisis can be regarded as a new phenomenon brought by globalization. Chinese culture also has a reaction to global culture. In recent years, China is making an effort to introduce its traditional cultures and values to the world and laying some extent of influence on the global culture. By the end of 2009, there have been 282 Confucius institutes and 272 Confucius