Economic Development
- Created by: Devina1
- Created on: 19-05-16 17:13
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- Economic Development
- TNC Effects on LEDCs
- Advantages
- Bring Jobs and new technology
- They connect different countries together
- TNC factories are in better conditions than LEDC factories
- Wages will help the LEDC's economy.
- Disadvantages
- TNCs pollute air and water with chemicals
- TNCs do as they please so get better deals and leave
- TNCs create competition for small local businesses
- TNCs move profits to LEDCs to avoid paying taxes
- Low wages
- Advantages
- Globalisation
- Better technology- people can communicate with people half way across the world using phone, instant message, fax ect.
- People sharing knowledge- a new idea springs to life and other countries use it to their benefit.
- People can take a plane halfway around the world and so they get out more.
- TNCs and NGOs provide help to other people in other countries and provide jobs for local people.
- TNC Effects on LEDCs
- Disadvantages
- TNCs pollute air and water with chemicals
- TNCs do as they please so get better deals and leave
- TNCs create competition for small local businesses
- TNCs move profits to LEDCs to avoid paying taxes
- Low wages
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