I think another aspect of globalization is in the form of ownership. There has been a switch from state owned or locally traded companies to small time stockholders and international investors. Thus, a "German" company may have a majority American, British, etc. stock ownership.
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However, I would also argue that modern corporations and industrialization also aid in the rapid production of cheap goods that can vastly help people, aka humanity, by meeting needs and services at a fraction the price it would without such buisness organizations.
There is a downside to this as well. In order to push down prices, a lot of labor intensive jobs are outsourced to places with no worker protection so that in effect, slave or indentured servant like conditions are used to produce the goods and other people benefit from the workers not being paid a living wage. So I would say the benefits are confined mostly to the developed western countries.