After reading Institutional macro-structures of the global economy p.54 I believe the challenges that global companies face is the ever evolving treaties and regulations that are made between Countries, These treaties are somewhat liquid in where commerce can flow from one nation to another while being blocked from entering a third nation.
The global economy on a macro scale as measured with the GDP of a country could be indicators of challenges one could face, other indicators are Unemployment, income, and inflation as it relates to the country, and on the macro scale as compared to the globe. While globalization has allowed us to transfer goods/services around the world the challenges have increased due to all the pacts and treaties signed between Countries and organizations.
I found an article earlier this week titled Globalization, collaboration driving the future of energy tech. by Molly Ryan The article had some interesting points in particular a quote from David Eyton head of research and technology at BP Plc companies strive to create safe, efficient technologies that can eventually lead to more and better energy sources- the field is not so secretive and contained anymore. That statement encourages me, I personally work in the petrochem industry and our company recently acquired a BP refinery, the statement i believe shows how technology and communication has improved safety in our industry and while safety improves methods of extracting black gold improves. Global companies now interact more as a result of emerging technologies and this has increased the collaboration between industries and companies.
Article link http://www.bizjournals.com/houston/blog/nuts-and-bolts/2013/03/globalization-collaboration-to-be-the.html?page=all