Transnational corporations are large companies which operate in many different countries.
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they have grown in number and in importance and cover a wide number of industries.
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ADVANTAGES OF TNC's in DEVELOPING COUNTRIES:
-local people can earn higer wages. -new skills are brought to the country. -tnc's bring investment for factories or call centres. -they pay taxes which boost the local economy.
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DISADVANTAGE OF TNC's IN DEVELOPING COUNTRIES:
-pay may be low for workers. -training may only be low skilled. -there may be longer shifts. -poorer working conditions. -more air pollution from factories.
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WHY TNC's operate globally:
-take advantage of incentives. -to spread the business. -to be close to markets. -reduce building costs. -reduce labour costs.
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more on TNC's
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they have grown in number and in importance and cover a wide number of industries.
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