What are TNCs examples?
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.
The Advantages and disadvantages. Multi-national or Trans-national companies are ones which locate their factories throughout the world. This gives them many benefits, such as access to the world market, cheap labour, cheaper production costs, and therefore greater profits.
Of these, 33,500 were parent corporations based in developed countries. Today, there are an estimated 77,000 TNCs in the world, with more than 770,000 foreign affiliates.
The importance of transnational businesses
TNCs are a key driver of globalisation because they have been re-locating manufacturing to countries with relatively lower unit labour costs in order to increase profits and returns for shareholders.
Transnational corporations
TNCs or multinational corporations (MNCs) are companies that operate in more than one country. They often have factories in countries that are not as economically developed because labour is cheaper.
A transnational corporation is an enterprise that is involved with the international production of goods or services, foreign investments, or income and asset management in more than one country. It sets up factories in developing countries as land and labor are cheaper there.
TNCs have created jobs and offered education and training to employees. the additional wealth has led to the multiplier effect. some TNCs have set up schemes to provide new facilities for local communities. the infrastructure of the country has been improved, with new roads and internet cabling.
The main goal for such corporations is to get as much profit as possible. In most cases they strive to advance and highlight the development of a global capitalism (The Economist 1997). Many companies launch their factories in different countries in order to minimize the costs of production.
* TNCs manufacture most of the world's chlorine, the basis for some of the most toxic chemicals including PCBs, DDT and dioxins. * TNCs are the main transmitters of environmentally unsound production systems, hazardous materials and products to the Third World.
- public TNCs owned by private shareholders (the public), examples include Apple, Tesco, Shell, Walmart, BP, Disney and Zara. capitalist, free-market economies have mainly public TNCs. ...
- state-led TNCs, owned by governments, examples include Bank of China, EDF and Petronas (Malaysia)
Where are the most TNCs?
Most TNCs are headquartered in the United States, the European Union or Japan – the so-called Triad, which also accounts for the largest share of foreign direct investment worldwide.
TNCs bring money back to their country of origin, which can be taxed or reinvested into the national economy. TNCs can bring back natural resources and products from the host countries to the country of origin, generating more employment and wealth.
Coca-Cola, Transnational Corporation.
Like other TNCs, factories making Nike products have been accused of paying low wages, expecting workers to work long hours, not providing sufficient training, having poor and unsafe working conditions and allowing supervisors to abuse workers.
Amazon- a transnational company.
Disney: A Transnational Company.
