ABSTRACT
This chapter explores the concept of globalization, much contested as it is, and move toward an egalitarian approach to globalization by interpreting it as deterritorialization. It demonstrates that it makes sense to talk of a globalization of business, which is also a contested belief. Globalization refers to a far-reaching change in the nature of social space. The proliferation and spread of the supraterritorial connections bring an end to what could be called territorialism, that is a situation where social geography is entirely territorial. The functioning of transnational organizations has been revolutionized by the emergence of the new information and communication technologies in the late twentieth century. Computer and Internet technologies facilitated new ways of organizing production on a global scale, going beyond territorial confinements to the organization of business operations. Globally operating businesses will increasingly be faced with egalitarian ethical standpoints, which are advocated by their globalizing stakeholder constituency.
