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Transnational corporations - Impact of world trade patterns - Higher Geography Revision

source : bbc.co.uk

Transnational corporations – Impact of world trade patterns – Higher Geography Revision

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[/scrape_url]”>Globalisation impacts on trade, with many companies operating across borders.

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[/scrape_url].1.1″>Transnational corporations (TNCs) or multinational corporations (MNCs) are companies that operate in more than one country. Unilever, McDonalds and Apple are all examples of TNCs.

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“>TNCs tend to have offices and headquarters located in the developed world. They often have factories in countries that are not as economically developed to take advantage of cheaper labour.

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“>When a TNC locates within a country, there are advantages and disadvantages.

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[/scrape_url].1.”>Advantages of TNCs locating in a country include:

creation of jobsstable income and more reliable than farmingimproved education and skillsinvestment in infrastructure, eg new roads – helps locals as well as the TNChelp to exploit natural resourcesa better developed economic base for the country

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[/scrape_url].1.”>Disadvantages of TNCs locating in a country include:

fewer workers employed, considering the scale of investmentpoorer working conditions in some casesdamage to the environment by ignoring local lawsprofits going to companies overseas rather than localslittle reinvestment in the local areafactories are often footloose and jobs insecure. If labour costs increase, the company may move elsewherenatural resources being over-exploited

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[/scrape_url]”>Impact and influence of TNCs

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.1″>Transnational corporations are among the world’s biggest economic institutions. Some experts suggest that the 300 largest TNCs own or control at least one-quarter of the entire world’s productive assets. This is worth about US trillion.

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“>This demonstrates the sheer scale and influence of TNCs in world trade.

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“>Some TNCs are able to exert influence over developing countries directly:

employing government officials involved in economic policy makingmaking financial contributions to political partiesbribery

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.”>Some TNCs enlist the help of developed governments to further or protect their interests in developing countries. Sometimes this has involved military force.

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.”>In 1954, the USA launched an invasion of Guatemala to prevent the Guatemalan government from taking unused land from the United Fruit Company for redistribution to peasants.

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.”>TNCs are collectively the world’s most powerful economic force, but no intergovernmental organisation is charged with regulating their behaviour. This naturally favours the developed world and inhibits developing countries’ development.

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.”>International trade could be a powerful tool to end poverty. However, in reality, inequalities still exist in the international trading system.

Factors affecting economic development - Economics Help

Factors affecting economic development – Economics Help – Economic development implies an improvement in economic welfare through higher real incomes and other welfare indices such as improved literacy, better infrastructure, reduced poverty and better health care. Economic development requires a degree of political stability…The Trade Expansion Act of 1962 (Pub.L. 87-794, 76 Stat. 872, enacted October 11, 1962, codified at 19 U.S.C. ch. 7) is an American trade law. Section 232 of the Act under certain circumstances allows the President to impose tariffs based on a recommendation from the U.S. Secretary of Commerce if…Which development most influenced the expansion of trade? creation of guilds growth of urban centers increased food production efficient farming techniques.

Trade Expansion Act — Wikipedia Republished // WIKI 2 – World merchandise trade is set to plummet by between 13 and 32% in 2020 due to the COVID-19 pandemic. A 2021 recovery in trade is expected, but dependent on the duration of the outbreak and the effectiveness of the policy responses. Nearly all regions will suffer…Regulation of international trade supposes purposeful influence of the state on trade relations with Under the free trade policy is understood the minimum of state interference in foreign trade, which The protectionism policy contributes to the development of certain industries in the country and often…Many organizations are falling in the category of the analyzer by moving for a change as a second or a third entity in the industry. These organizations increase the areas of their operations around the existing core competency areas. The existing markets are mostly expanded rather than expanding…

Trade Expansion Act — Wikipedia Republished // WIKI 2

Which development most influenced the expansion of trade? – The one single event that probably most influenced the early development of Christianity was the decision of Paul to permit gentiles to become Christians without the trauma of Increased desire for trade contributed most to the economic expansion that took place during the Commercial Revolution….expansion of Nigerian banks" finds that Nigerian banks internationalisation is influenced by Many economists generally agree that openness to international trade accelerates development. The relationship between trade and growth is envisaged through an export led growth strategy, following…Usually developed countries export valuable manufactured goods and developing countries export Transnational corporations. Globalisation impacts on trade, with many companies operating across borders. Impact and influence of TNCs. Transnational corporations are among the world's biggest…

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