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  • MNCs- Multinational Companies
    • Companies that manufacture goods in more than one country
    • MNC normally locate in factories in LEDCs
    • How has globalisation helped development
      • Creates jobs in LEDCS
      • MNCs will spend money to improve social conditions and infastructure
        • roads, airports, transportation and communication links
      • additional revenue means that foreign investments and money are coming into the economy
      • people will learn and develop new skills and a better education
      • new skills, technology and specialist machinery will be brought into a poor country
    • how globalisation has hindered development
      • the rate of pay is much lower
      • working conditions are not always good
        • employees work long hours in very poor
      • depth of foreign investment in minimal
      • no guaranteed job security
        • semi-skilled and easily replaced


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