Inquiry Q2: How have transnational corporations influenced economic…
How have transnational corporations influenced economic globalization?
Transnationals and More developed countries
transnational companies that are based in more developed countries might outscource work to get cheaper labour for lower prices
because developing countries might not have the best laws to protect its workers from exploitation
The impact of TNCs
takes jobs away from workers in developed countries
snuffs out local businesses that can't compete with its lower prices
TNCs prey on less developed countries because they have less rights protecting them from harm
grows small towns and countries
stimulates the economy
it provides jobs
Motivation of TNCs
the motivations of trans national companies
try to get as low of prices as possible, for profit
expansion of business for profit
How do transnational corporations operate?
they are companies that invest in setting up in other countries as to promote their businesses and help grow.
which provides work for thoseands in undeveloped countries
this can also be a bad thing because the impacts of this can cause the workers in devoted countries that have laws to protect their workers from exploitation to loose their jobs in favour of countries and workers that have less rights to protect them from exploitation.