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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