Economic globalization is defined as an evolutionary process of the integration of world markets, characterized by liberalizing economic activities, investment and trade, free flow of production and management factors. It demands unification of countries’ markets, removing trade barriers. However, unification of markets can be attained only by uniform rules adopted by different countries, which gives rise to a legal globalization issue.
Thus, the result of economic globalization is the convergence of the different countries’ market rules which includes policies regulating the major market participants - enterprises, both domestic ones and multinational ones. The convergence is embodied by the similar trade modes by multinational companies. The similarity encourages a resemble inclination of commerce modes of different countries. Convergence is also found in the enforcement of bilateral agreements or conventions between two countries.
From the perspective of corporate social responsibility (CSR), convergence is a product of social development. To be exact, CSR, synchronizing with globalization, is a result of social productivity growth, as well as a sign of social progress and civilization.
