Globlisation can be described as a shift towards a more interdependent and integrated world economy and it brings about major globalisation debates. Often national governments need to protect their markets against globlisation. Explain how transnational corporations used globalisation to create global supply chain. b Discuss four major areas of debates about globalisation in the contemporary world economy How do national governments intervene in markets to protect themselves from adverse effects of globalisaton d Describe PESTEL and Ghemawat's CAGE framework of formal institutions that shape and constrain international business strategy