The globalization era has transformed many multinational enterprises (e.g., Amazon and Alphabet) into highly efficient and productive entities that outweigh small countries and grow in power and control. According to the World Trade Organization (WTO), trade volume growth is expected to increase approximately 7.2% in 2021 (i.e., as a result of mergers, acquisitions, joint ventures, and strategic agreements). Based on historical trends and growth rates, international trade has continuously faced challenges due to increased uncertainty in the economy and rising tensions in trade. Research shows that in the last few decades the global landscape of international corporations has changed intensely. Globalization is commonly used to define the connectedness and spread of technology, production, and communication worldwide. Limitations of data availability and inconsistency posed a challenge for this review, yet the use of operationalization, techniques, and analyses from the business literature enabled this study to be an excellent starting point for additional work in the field. Recommendations signal a strong need for more research that addresses contributive effects in the different economies, starting with the emerging to the developed. A number of common trends and issues showed corporate social responsibility, emerging markets, political issues, and economic matters as key to global market production. Developed country multinationals are likely to use more advanced factors of production to create revenue, whereas developing country multinationals are more likely to use less advanced forms. Developed countries show more saturated markets than developing countries that favor developing country multinational enterprises to rely heavily on foreign sales for revenue growth. Qualitative, quantitative, and mixed typologies were categorized and conclusions were drawn regarding the influence and performance (i.e., positive or negative effects) of globalization. A scoping literature review was conducted for a total of 141 articles. The impact of globalization on multinational enterprises was examined from the years 1980 to 2020.

Zte mf expolit researcher