A multinational corporation is a firm that is controlled and produces good in services in countries other than its home country. It has a high efficiency and is very productive on a whole. It is spread around the world, and it usually opens branches in countries where resources are accessible and cheap. Generally, the headquarters are in the home country, and the headquarters has full ownership and control over company. Advantages of MNC’s include level of investment increases, more income and employment, which means more efficiency. Resources can be taken from the host country, which may be cheaper than taking them from the base country. Also, the cost of factors of production are equalised. There are more variety of products. In all, there
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Coca Cola, founded back in 1892, is the worlds largest soft drink retailer. The coca cola company is extremely large, which means their factories are spread all over the world. They are located in various less developing countries, but the main focus will be on Lagos. Lagos suffers from large amounts of poverty, lack of clean water and economic development. Coca Cola has been running there for a while now, and over the past 3-4 years, protests against Coca Cola have occurred, mainly about working conditions and extremely low wages. Workers complained about no time off, continuous attendance at work each and everyday.The average wage per day is about US $2.60 (N400), therefore their annual wage is $949(N146,000). Workers say this is not enough to support their families, and they must rely on other family members in order to support each other. These are very common problems with all LDC’s, being treated badly, or not receiving enough. According to the workers, there is no safety gear provided, hence when there is an injury, nothing can be done. Speaking of injuries, no health insurance is provided, so these injuries must be treated by the person himself, with his own wages and help. (“"We Are Not Slaves" -Coca-Cola Pay Nigerian Day-Workers $2.60 Per Day?”) Though Coca Cola is being critiqued for these terrible actions, they are still taking different initiatives to …show more content…
My first source is the “NairaLand Forum” (http://www.nairaland.com/669633/not-slaves-coca-cola-pay-nigerian). I found this source extremely helpful, and it provided me with most of the information on the way workers are treated in Coca Cola. At first, it did not seem exceedingly reliable, but after comparing with other sources, it had accurate information. The second source is “Nestlé Infant Formula Scandal” (http://www.businessinsider.com/nestles-infant-formula-scandal-2012-6?op=1) where Business Insider tells you the scandal stories up to date. This source, I knew automatically, was very reliable, because it is a commonly known news website and providing false information will affect them. I compared this information with other websites, such as BBC and CNN. The information is
Coca Cola, founded back in 1892, is the worlds largest soft drink retailer. The coca cola company is extremely large, which means their factories are spread all over the world. They are located in various less developing countries, but the main focus will be on Lagos. Lagos suffers from large amounts of poverty, lack of clean water and economic development. Coca Cola has been running there for a while now, and over the past 3-4 years, protests against Coca Cola have occurred, mainly about working conditions and extremely low wages. Workers complained about no time off, continuous attendance at work each and everyday.The average wage per day is about US $2.60 (N400), therefore their annual wage is $949(N146,000). Workers say this is not enough to support their families, and they must rely on other family members in order to support each other. These are very common problems with all LDC’s, being treated badly, or not receiving enough. According to the workers, there is no safety gear provided, hence when there is an injury, nothing can be done. Speaking of injuries, no health insurance is provided, so these injuries must be treated by the person himself, with his own wages and help. (“"We Are Not Slaves" -Coca-Cola Pay Nigerian Day-Workers $2.60 Per Day?”) Though Coca Cola is being critiqued for these terrible actions, they are still taking different initiatives to …show more content…
My first source is the “NairaLand Forum” (http://www.nairaland.com/669633/not-slaves-coca-cola-pay-nigerian). I found this source extremely helpful, and it provided me with most of the information on the way workers are treated in Coca Cola. At first, it did not seem exceedingly reliable, but after comparing with other sources, it had accurate information. The second source is “Nestlé Infant Formula Scandal” (http://www.businessinsider.com/nestles-infant-formula-scandal-2012-6?op=1) where Business Insider tells you the scandal stories up to date. This source, I knew automatically, was very reliable, because it is a commonly known news website and providing false information will affect them. I compared this information with other websites, such as BBC and CNN. The information is