Transnational corporations, also referred as multinational corporation, “are incorporated or unincorporated enterprises comprising parent enterprises and their foreign affiliates” (“Transnational corporations (TNC),” n.d.). It all started during the 19th century, when industrial corporation started developing factory systems, better storage techniques and found a way of a faster means of transportation. The United States and a few western European nations started transnational expansions of their corporations in Latin America, Asia, Africa, and in the Middle East. After World War II, there was "major technological advances in shipping, transport (specially by air), computerization, and communications accelerating transnational corporation's increasing internationalization of investment and trade, new
…show more content…
However, "TNCs and their Business association claim that the regulating trade investment the produce enough growth and property and generally resources for environmental protection"(Greer & Singh, 2005). This not the only way TNCs avoid consequences, as many governments in those developing countries have failed to stop them from violating human rights. Because TNCs are able to jump from one jurisdiction to another, if the "host state fails to regulate corporate violations, the home state (where the corporation is registered or headquartered) may also choose not to act, allowing the TNC to avoid liability for harmful conduct” (Carmody, 2016). I believe there should be stricter laws for transnational corporations. Of course there should be some health insurance for the workers in these corporations and also some health regulations to make sure the work area is safe. These transnational corporations should also work with the government in order to protect the environment and their communities from any
However, "TNCs and their Business association claim that the regulating trade investment the produce enough growth and property and generally resources for environmental protection"(Greer & Singh, 2005). This not the only way TNCs avoid consequences, as many governments in those developing countries have failed to stop them from violating human rights. Because TNCs are able to jump from one jurisdiction to another, if the "host state fails to regulate corporate violations, the home state (where the corporation is registered or headquartered) may also choose not to act, allowing the TNC to avoid liability for harmful conduct” (Carmody, 2016). I believe there should be stricter laws for transnational corporations. Of course there should be some health insurance for the workers in these corporations and also some health regulations to make sure the work area is safe. These transnational corporations should also work with the government in order to protect the environment and their communities from any