Oxford Scholarship Online: Multinationals and Global Capitalism

Multinationals and Global Capitalism From the Nineteenth to the Twenty First Century Jones, Geoffrey Professor of Business Administration, Department of Entrepreneurial Management, Harvard Business School Print publication date: 2004 (this edition) Published to Oxford Scholarship Online: April 2005 Print ISBN-13: 978-0-19-927209-9 doi:10.1093/0199272093.003.0002
2 Multinationals and globalization Geoffrey Jones The history of global economy is characterised by major ebbs and flows. By 1914, an integrated global economy was in place. This was later destroyed by World War I. The global economy was rebuilt between the 1950s and 1970s. From the 1980s, the integration of global capital and commodity markets intensified. Keywords: globalisation, global economy, multinationals, doi:10.1093/0199272093.003.0002