The global division of labor is the natural result of industrial development in an open world economy. This outcome leads to industrial transfers-- or shifts and greater efficiency，though this process accompanied by painful economic restructuring. Economic reorganization allows multinational corporations to allocate resources on a global scale，maximize their profits and keep investment and operational risks at the lowest possible level.

The speed and extent of globalization has been hastened by a combination of factors including trade liberalization，investment facilitation，financial internationalization and even information technology. New corporate heavyweights have emerged and joined the ranks of older multinationals.  These companies have been able to take advantage of their dominant position in value chains，supply chains and technological innovation. They play a crucial role in determining the pattern of the global division of labor of the future.

New Features of Globalization

Since the financial crisis，the joint efforts of scientific and technological innovation as well as industrial and structural reform have brought new features to economic globalization. New patterns in the global industrial division of labor and industrial transfer have emerged as a result.