Transnational Corporations - the Good, Bad and the Ugly Formatted

The first 200 words of this essay...

What is a TNC?

TNCs (Trans-National Corporations) 'are corporations that operate in more than one country or nation at a time.' In fact, large TNCs like McDonalds, Nike and General Motors Company have become some of the most powerful economic and political entities in the world today. The rise of the brand name, globalisation, mergers and acquisitions have helped to expand the footprint of major TNCs to developing countries and increase the budget of such large TNCs to larger than some of the world's developing countries. For this reason, it is almost impossible to impose national law on these large TNCs, and they are effectively a law unto themselves. In fact, out of the top hundred economies in the world, 51 are TNCs and only 49 are countries. This leads to all sorts of ethical, social, environmental and labour problems, which cannot be fixed easily and so are usually left alone. This is one of the main reasons why TNCs are sometimes considered evil. TNCs are usually based in the larger countries like America, Japan etc.

(Sources for the above: Fortune.com, 2002 Global 500, and World Bank, World Development Indicators online.)

The Structure of a TNC