economic reasons: ◦ new forms of technology allow gigantic flows of capital and other technologies...
TRANSCRIPT
ECONOMIC REASONS: ◦ New forms of technology allow gigantic flows of
capital and other technologies Transnational corporations (TNCs) –
Powerful companies which subsidiaries in several countries◦ Most are “Western Companies”
Wal-Mart Exxon-Mobil Royal Dutch Shell BP General Motors Toyota Chevron Daimler Chrysler Conoco Phillips
42 of the world’s top economies are corporations, some are worth more than entire nation’s GDP’s
Control much of the world’s investment capital, technology, and international markets
How do they make so much money? Deregulation – No rules to govern how
these corporations operate Where do they get their workforce?