Essays transnational corporations
or parts of the global commodity chain (Korzeniewicz, 2004). The Council on Economic Priorities has mega essays hack tried to identify the role private equity organizations play when they operate in grey zones or in countries with unstable or week political environments (Avant, 2007). Not different from other international business terms, there is not one definite terminological definition for globalization, but it is agreed on, from around the world as the cross-border transactions amongst countries as well as normative and political commitments it is also referred to as international. Baran et al (1967) express their belief that multinational corporations are key players in the division of global power and diplomatic influence. Mitchell,., and Sikka,. There has been a movement of industrial activity from Developed Countries (DCs) to Less Developed Countries, due to the lower production costs in LDCs, allowing TNCs to maximize profits. Literature has been developed in newspapers suggesting that Chinese transnational organizations seem to retain the price of the dollar and not let it reach even lower levels (Ramos, 2008).
TNCs can also cause significant environmental damage to host countries where environmental laws are not enforced. Thus, there is training and skill acquisition for the locals, leading to technology transfer. Many academics have argued the importance of transnational corporations in the financial and even cultural stability of countries. Cite This Work To export a reference to this article please select a referencing stye below: Essays,. The investment was greatly helped by developing countries, which actively sought TNC investment by setting up special areas called Export Processing Zones, or Free-Trade Zones, in which TNCs were encouraged to build factories for export to the West. Its policy is dependent on taking advantage of the implementations of globalisation. Apart from these schools of thought mentioned above, other institutions have tried to identify the role of transnational corporations in global politics. Ways of production, outsourcing and off-shoring became easier because of globalization. But now it is encouraging more local executives to step up into important roles and build up talent and experience in local clusters. If help is asked from corporations then there has been an upcoming stream of state power being delegated to those corporations. Its emergence has destroyed the amount of national industries that use national raw material because even the raw materials are now being shipping from across the glob (Marx and Engels, 1850).