The role of so-called globalisation has achieved widespread dominance especially since the collapse of the Soviet Union and its satellite states. Although the ominous meaning of the rather overused general term still remains vague, its effects are usually quite tangible, as the world's greatest economic and financial crisis since the Second World War currently demonstrates.

The notion of globalisation is most commonly used in an economic context and best observed in the formation of ever expanding and evolving multinational corporations. In contrast to traditional, local family-run business dynasties, these corporations very...

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