Please enable JavaScript.
Coggle requires JavaScript to display documents.
Global Industries and Companies - Coggle Diagram
Global
Industries and
Companies
MNCs and
local economy
creation of jobs
support services e.g building
and cleaning
lower wages and
poorer conditions
skills transfer
improved
infrastructure
loss of talented
workers domestic businesses
have access to
local businesses
may struggle to
compete
impact on
environment
National
economy
FDI flows
=GDP, revenue,
job creation
balance of payments
-surplus = more exports than
imports
-deficit = more imports than
exports
tech+ skills transfer
wider choice +
better quality
for consumers
domestic
businesses may
struggle
foster a culture
of enterprise
=trad businesses
may be family
based + stay small
tax rev
=tax havens
Ethics
stakeholder
conflict
=stakeholder
vs shareholder
pay and working
conditions
=pay less in
emerging countries
environmental
considerations
=countries have
less eco laws
supply chain
considerations
=exploiting labour
marketing
considerations
=misleading
Controlling
MNCs
why
-protect against
exploitation
-discourage resource
depletion
-protect local culture
-stop abuse of
market power
-protect domestic
businesses
political influence
=protectionism
=subsidies to dom
businesses
=powerful
=corruption
pressure groups
=aim to change
political or commercial
decision making
=shaming and publicising
behaviour
social media
=widely publicise
unethical business
practice
=viral
=can be difficult to
control the spread
compared to pressure
groups