• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Many examples of Companies working globally are: Nike, Adidas and other companies which may not necessarily be in the clothing business. These are usually referred to as TNC's or transnational companies

Extracts from this document...

Introduction

The logo: Good or Bad Written and edited by Jai Malhi We are all conscious of what we buy, but do we really know the effects of buying these goods. There has always been the debate of whether we are doing harm to ourselves and others when buying expensive designer goods with the popular 'logo'. Branded goods are goods, often known to us as the clothing we wear, which bear a company name or trademark and are often expensive and considered to have an extra mark of prestige. There are various different goods like clothing, which are made globally which is a subject I will cover later, and they are worldwide recognised names on the clothes we buy for example; Adidas and Prada which are known all over the world and the process it goes through to finally reach the buyer is often a hassle to many. The question though is whether the logo really matters. Should we all be drawn into buying the branded goods and not bother to find out what it does to others? You may be thinking that harming others through buying expensive branded goods is not possible, but there is one way; Globalisation. TNC's also plays a large part in globalisation. ...read more.

Middle

But is buying the well known good with the logo always a good thing? Companies who are TNC's like Nike who make branded goods are only worried about one thing their company and its profits no matter who it affects and how it affects them. TNC's have so much power through knowledge of the public, and they are becoming bigger and larger and this will continue if globalisation continues as it has but if it does the poor will not benefit. Most TNC's are based in the richer countries or MEDC's like the UK or USA. The growth of the TNC's is shown in the 50,000 Nike shops in around 150 different countries. TNC's are great influences as Nike is a brand more likely to be bought than Gola a less famous company. TNC's are also making money from poor countries as they take advantage of their situation and can receive cheap labour and invest in a poor countries raw materials for the business. In this way the MEDC's are getting richer and the TNC's are profiting whereas the LEDC's are not benefiting. TNC's benefit as they can hire people for as like as 50p a day for hard work, and employ people who may live in sweatshops, although this is recognised as a wrong thing it is benefiting the company. ...read more.

Conclusion

It benefits the MEDC's in a way that the LEDC's just end up losing again. Globalisation is not fixed and many things should be changed. TNC's do not care about what the losses are as long as they profit. There should be stricter rules and the wealth should be shared. TNC's and globalisation should help to close the development gap but it is going the other way. We must use globalisation in a way so it benefits everyone. All in all I think that globalisation is essential and we need it to carry on with the development of the world. As for the logo, many buy it as TNC's have a great influence. Everyone should be treated with respect, in MEDC's and LEDC's so we must change globalisation for the better. Now the logo is always an extra and the logo is a perfect example of how it influences people and for young kinds it is a part of growing up but it is up for you to decide. You can find out more by logging on to the logo look website: www.logo-look.com/new. For any additional information do not hesitate to contact us on 087106573490. Thank you. Written and edited by Jai Malhi. All names of TNC's but what do they mean to you? http://www.darkseptemberrain.com/ideas/advantages.htm 02085038294 ?? ?? ?? ?? Logo Look(c) 14/1/2006 31st issue Jai Malhi-9P Geography Assessment Ms.Rae ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level UK, European & Global Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level UK, European & Global Economics essays

  1. Marked by a teacher

    Advantages and disadvantages of Globalisation. Need for development.

    4 star(s)

    The 3rd world gains most from exports to vast western markets. Others follow the path of the NICS out of isolation and poverty through export led industrialization and the competitive efficiency brought by being open economies. Population pressures like unemployment are eased by migration to MDCs and jobs created by MNCs investing in capital starved LDCs.

  2. Comprehensive Anatomy of China

    Chinese government to repress their minority groups although it's projected that it will be a long time before these oppressive policies change. Language Mandarin, pu tong hua in Chinese, is the official national language of China and is spoken by approximately 70 percent of the country's population.

  1. Corruption and Globalisation - Both of them have been so pervasive in recent years. ...

    Moreover, an ethical behaviour can be costly, but if ignoring the ethics, it cost more. Private companies have to consider profit maximization and have the responsibilities to satisfying stakeholders such as employees and local communities, global companies are beginning to accept a broader range of responsibilities.

  2. Where does the World Trade Organisation fit in the overall scheme of international public ...

    * Singapore and other new issues: Preparatory work on investment and competition rules, with a presumption of starting ambitious negotiations after the next WTO Ministerial Conference, to take place in Cancun, Mexico, in September 2003. New negotiations on trade facilitation and transparency in government procurement, also to start after the next Ministerial.

  1. Carbon Credit Trading

    be able to aid Heinz to enter the market as one umbrella corporation, and while under a strict carbon reduction scheme, it will be able to move towards its sustainability goals (Harris, 2007). Maurice Strong, one of the world's leading environmentalists, states that international carbon revenues are increasing rapidly, generating

  2. Write a written report on Globalisation

    markets will typically have a physical financial infrastructure including banks, a stock exchange and a unified currency.[8] The world trade organization has accounted for the reduced tariff barriers that encouraged global trade.[9] This is because, the changes made by the World Trade Organization eased the global economy as both developed

  1. Assess the view that the main cause of globalization is the increased significance of ...

    Another contributing factor to globalisation is trade liberalisation. After the Second World War the world trade organisation was made with the aim to reduce trade barriers and tariffs. They managed to reduce tariffs from 10% to 3.7%. This made it cheaper and easier to trade contributing to transnational companies setting up and making the world?s economies more integrated.

  2. The benefits and harm caused by Transnational Companies.

    Thus, the jobs created for the local population are not only for the people directly involved in working in the TNCs, but also workers in the supplying firm and workers in the manufacturing firm. In fact, TNCs directly employed around 45 million people all over the world and provide jobs indirectly for millions more workers.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work