Respond/reply to this discussion and use ONLY 1 reference from a peer-reviewed journal article. Whether you agree or disagree explain why you agree or disagree with supporting evidence and concepts. Include a reference, link, or in text citation when appropriate. Please do not summarize what is in the discussion. Provide evidence of critical, college-level thinking and thoughtfulness in your response.

A multinational firm is a company that controls and owns the production of goods or services in at least one country other than its own, while also doing more than just importing and exporting goods. Multinational firms move goods, skills, and resources across nations. Traditionally it would have been very large companies would have competed worldwide but as technology increases and time changes more and more small and medium-sized companies have started pursuing international markets. Today 304,000 small and medium-sized firms export goods from the U.S.( Lamb, C. W., Hair, J. F., McDaniel, C. ). Benefits of globalization include, a competitive drive to down prices and increase product and service quality, cooperation's look for countries that offer lower labor costs and are higher in technology to get the product done faster, businesses are looking for the most efficient companies to get the job done faster. Globalization expands economic freedom. For less developed countries globalization offers access to foreign capital, global export markets, and advanced technology. Many US-based multinationals earn a large percentage of their revenue abroad. Examples of large multinationals include Walmart, ExxonMobil, Apple, GM, and ford. MNEs are promoting growth and employment by creating new jobs, realizing investments, bringing new technologies, and allowing host economies to integrate and upgrade global value chains. (Cepr.org) MNEs and foreign affiliates account for 1/3^rd of the output and GDP. MNEs are important because they help countries out, by bringing goods or services that one country cannot produce by there selves.