TNCs

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TNCs - transnational companies
- positives
  - develops countries, can act as a catalyst
  - may use local sources for produce which helps local businesses
  - brings direct foreign investment
  - they sometimes have no tax tarrifs
    - negatives
      - jobs can be lost in HICs
- negatives
  - jobs can be lost in HICs
- McDonalds
  - background
    - first restaurant opened in US in 1955
    - now has 30,000 restaurants in 120 countries (e.g. us, uk, brazil, sri lanka) - largest fast food company in world
    - impacts
      - socially - concerns over workers pay, culturally - meals adapted to suit cultures in price and menu, environmentally - source locally, so reduction in food miles, economically - brings direct foreign investment
- Tesco
  - background
    - 1956 - first self service Tesco opened
    - in 70s and 80s became successful in uk market
    - operates in China, Thailand, Hong Kong, UK
socially - concerns over workers pay, culturally - meals adapted to suit cultures in price and menu, environmentally - source locally, so reduction in food miles, economically - brings direct foreign investment

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