Final answer:
Firms employing a global strategy are indeed considered 'world companies,' as they operate across borders and are central figures in the global economy. They benefit from globalization and technology advances, and contribute significantly to both international trade and economic development.
Step-by-step explanation:
It is true that firms using the global strategy can be thought of as 'world companies.' Global companies are enterprises that operate in multiple countries and are not tied to specific locations just because of local availability of resources. Instead, they seek efficiencies on a global scale in production, marketing, and management. The forces of globalization and advances in communications and information technology have not only increased the level of competition that these companies face but have also provided them the tools to succeed on a larger, transnational scale.
These firms contribute significantly to the global economy by introducing new opportunities, reinvesting profits into diverse locations, and engaging in business mergers. Furthermore, the role of multinational corporations (MNCs) has been crucial in driving economic integration and in influencing global trade policies. Recognition of these corporations' importance is evident as developing countries have met to propose solutions that provide ease of access for businesses across borders, contributing to global economic recovery.