Apple’s activities and others’ shows there is an alluring component to doing business overseas. Cheap labor is certainly a draw (and many of these workers are making much more than they would for an average local company). Working with wealthy foreign companies is also a draw, such as the joint venture recently agreed to between McDonald’s Corporation (NYSE:MCD) and Sinopec.
The opportunities offered by globalization are numerous, but it is getting to the point where a company needs to go international if it wants to dominate its sector. This is important, because any good investor wants the company in which they invest to realize maximum growth.
Phillip Woolgar has no position in any stocks mentioned. The Motley Fool recommends Apple, McDonald’s, and Starbucks. The Motley Fool owns shares of Apple Inc. (NASDAQ:AAPL), McDonald’s Corporation (NYSE:MCD), and Starbucks Corporation (NASDAQ:SBUX).
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