4.4 Global industries and companies (multinational corporations)

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What are the positive impacts of MNCs on the local economy?
Western training may make workforce more productive, higher wages, above average conditions, more employment
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What are the negative impacts of MNCs on the local economy?
May take away staff from local business, some feel bitter for being paid less than others, conditions may still be poor, ruins local businesses
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What are the impacts of MNCs on the national economy?
FDI flows (good short term), can push the country into further debt, technology and skill transfer, business culture (kills innovation), can try to avoid taxes
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What are the ethical consideration for MNCs?
Stakeholder conflicts, pay and working conditions, environmental considerations (emissions/waste disposal), supply chain considerations (exploitation of labour), marketing considerations (misleading product labelling)
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How can MNCs be controlled?
Political influence, legal control, pressure groups, social media
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Other cards in this set

Card 2

Front

What are the negative impacts of MNCs on the local economy?

Back

May take away staff from local business, some feel bitter for being paid less than others, conditions may still be poor, ruins local businesses

Card 3

Front

What are the impacts of MNCs on the national economy?

Back

Preview of the front of card 3

Card 4

Front

What are the ethical consideration for MNCs?

Back

Preview of the front of card 4

Card 5

Front

How can MNCs be controlled?

Back

Preview of the front of card 5

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