This definition would be somewhat comparable to the one given in the book "Going Global" in which globalization is said to affect "every aspect of life - economic, political, social, cultural and environmental" (Moynagh and Worsley, 2008). ... Furthermore, Mott, Shapiro and Steindl also show a clear rejection to the more classical/neo-classical opinion in their book "Rethinking capitalist development" as they explain that the monopolisation of big businesses like McDonalds is "endemic" to monopoly capitalism, which in turn causes stagnation within an economy: "The growth of international firms...

• Word Count: 2073
• Approx Pages: 8
• Grade Level: Graduate