Transnational Corporations are organisations that control goods and services in different countries all around the world. These organisations have had an impact on quality of life in very different ways in both developed and developing countries. This following discussion will highlight the positives and negatives of Transnational Corporation or TNCs and how they impact many lives around the world. TNCs diminish life in developing countries by having sweatshops where underpaid workers work for up to 20 hours in horrible conditions, making products for these big organisations. Another drawback for TNCs is the widening gap between the wealth of developed and developing countries, where the rich are getting richer and the poor are getting poorer. Also, TNCs and globalization may deprive entire countries of jobs and resources. However, as a result of TNCs, people from all around the world can interact with each other, even though they belong to different cultures and countries. TNCs also boost the economy and standard of life for developed countries, they also increase competition across other organisations, resulting in lower prices for commodities.
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TNCs use sweatshops in developing countries, where underpaid and overworked workers get paid under the poverty line for mass amounts of work everyday. These workers also work in unsafe or even dangerous conditions, they are even forced to work when sick, spreading sickness among other workers. One of the worst examples of this is organisation H&M. The clothing company was revealed to be using a factory in Bangladesh after a fire broke out in the factory, killing 21 workers in 2010. Before that incident, in 1997, a Swedish TV documentary accused H&M for putting young children through child labor in the Philippines. In conclusion, TNCs diminish life in developing counties by using sweatshops to manufacture their
TNCs use sweatshops in developing countries, where underpaid and overworked workers get paid under the poverty line for mass amounts of work everyday. These workers also work in unsafe or even dangerous conditions, they are even forced to work when sick, spreading sickness among other workers. One of the worst examples of this is organisation H&M. The clothing company was revealed to be using a factory in Bangladesh after a fire broke out in the factory, killing 21 workers in 2010. Before that incident, in 1997, a Swedish TV documentary accused H&M for putting young children through child labor in the Philippines. In conclusion, TNCs diminish life in developing counties by using sweatshops to manufacture their