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9 Cards in this Set
- Front
- Back
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what limits countries benefiting from TNC FDI |
Disease, poverty, political isolation lack of resources, lack of education, war, poor infrastructure, landlocked, high tax |
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what encourages the spread of TNCs? |
Resources, cheap labour new markets, government incentives being inside trade blocks |
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Example: McDonald’s as a TNC |
- 30000 restaurants in 120 countries - 2 million uk customers/day - locally sourced produce (sustainability) - spreads western culture - glocised menu and prices |
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strengths of TNCs |
provides jobs (some high skilled), spreads culture, better quality infrastructure, improves technology |
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Weaknesses of TNCs |
pollution (large carbon footprint), Americanisation (fast food and obesity), deforestation (decreased levels of natural resources) |
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Economic impacts of TNCs |
+ New technology In Botswana government mining and export of diamonds led to a 46% GDP growth - Tax avoidant companies such as Starbucks Low paid jobs |
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Social impact of TNCs |
+ employee 1.8 million people In Botswana, they provide free, HIV drugs to employees - Obesity crisis in the US Bodies Fishing community, oil polluted waters (shell) |
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Environmental impact of TNCs |
+ local sources of products Some companies seem to have 100% recyclable packaging - Oil spills Deforestation 2 million tons of packaging waste |
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Case study: coca-cola rajistan, India |
groundwater levels have dropped 60 m Wastewater is poured onto fields affecting crops Workers are paid minimum wage |
