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Multinational companies - Coggle Diagram
Multinational companies
social benefits
higher quality goods
cheaper raw materials
job opportunities
less armed conflict sorting out trade
increase in standards of living
access to latest technology
social costs
costs that society pays for a business activites e,g pollutiion globalisation- social costs
social costs of globalisation
erosion of culture e.g UK's favourite food is chineese
poor and more vulnerable can be encouraged to spend on products which arnt beneficial to them
the rich become richer- and poor become poorer as they
they cant compete
pollution e,g USA- one countires pollution imloacts the rest of the world
Disadvatages of having multinaltions based in the uk
have been accused of destroying culture
loss of localised products
may have negative environmental imacts e.g pollution, noise and Environmental destruction
can severley impact the local industry- lead to competition
can cause small and large businesses to close down
increased unemployment
Advantages of multinationals based in the uk
provide employment
creates better living standards
increased customer choice
introduces new technology
new working methods
increased growth in the uk economy
oat taxes to government
investments
infrastructure development
spreads the risk of the business
e.g apple manufactrung in china but HQ is based in California