Abstract

The present-day political and economic ideology constitutes a veritable challenge—due to its complexity—for managers in charge of global corporations, especially when it comes to crafting global strategies. Therefore, an understanding of the neoliberalism system and the circumstances which led to the global dominance of corporations are crucial. The chapter evaluates the political and economic circumstances which led to the emergence of the new world order coined as neoliberalism. That means that the external environment of current global businesses will be discussed. Also highlighted is the new world order and how this is conducive to the free operations of global corporations. The chapter ends with a critical assessment of the entire neoliberal project and the corporate governance.