Tnc Research Paper
Han Yuh Ding A0110466N
Do Trans-national Corporations Help More or Harm More?
“Globalization” is a popular term that originated in the 1980s to describe the process of increased interconnectedness among nations, through the movement of people, information, investments and goods across national borders. The presence of Trans-national Corporations (TNCs) in many economies today has sped up the process of globalization and the impacts of TNCs is a hotly debated issue now. From an economic viewpoint, TNCs bring about more benefits than negatives to host nations and I will be illustrating this in the remaining part of my essay by bringing in TNCs like Nestlé, Nike, Monsanto and Walmart, just to name a few.
One undisputed economic …show more content…
One clear example is Monsanto, who monopolizes the Genetically Modified (GM) seeds with a market share of 90% and has brought harm to many local Indian farmers. Due to Monsanto’s dominance in the GM seed market, they were able to set their Bt cotton seeds, which many local Indian farmers are highly dependent on, at a high price. However, the seeds did not thrive well in India’s climate, and many farmers took their own lives because of the debts that they have incurred. Furthermore, the monopolization of Monsanto has made it impossible for the farmers to turn to other …show more content…
(2013). Nike Sustainability, Interactive Map. Retrieved 2013, from Nike. Inc: http://manufacturingmap.nikeinc.com/#
United Nations Conference on Trade and Development. (2012). World Investment Report 2012. Geneva: United Nations Publications.
Nestlé. (2012). Nestlé EAR Factsheet. Retrieved 2013, from Home | Nestlé Global: http://www.nestle-ea.com/en/aboutus/nestléearfactsheet
McGregor, S. (2011, July). Nestle Plans to Invest $1.4 Billion in Africa, Buy Local. Bloomberg News .
Stone, K. E. (1997). Impact of the Wal-mart Phenomenon on Rural Communities. Chicago: Farm Foundation.
Sheffield, C. (2013). India 's Bureaucratic Nightmare Kills Wal-Mart Retail That Could Benefit Millions in Poverty. Forbes.
Hartman L, Wokutch R (2003) Nike, Inc.: corporate social responsibility and workplace standard initiatives in Vietnam. In: Hartman L, Arnold D, Wokutch R (eds) Rising above sweatshops. Praeger, Westport pp 145-190
Radin T (2003) Levi Strauss & Co.: implementation of global sourcing and operating guidelines in Latin America. In: Hartman L, Arnold D, Wokutch R (eds) Rising above sweatshops. Praeger, Westport, pp
Do Trans-national Corporations Help More or Harm More?
“Globalization” is a popular term that originated in the 1980s to describe the process of increased interconnectedness among nations, through the movement of people, information, investments and goods across national borders. The presence of Trans-national Corporations (TNCs) in many economies today has sped up the process of globalization and the impacts of TNCs is a hotly debated issue now. From an economic viewpoint, TNCs bring about more benefits than negatives to host nations and I will be illustrating this in the remaining part of my essay by bringing in TNCs like Nestlé, Nike, Monsanto and Walmart, just to name a few.
One undisputed economic …show more content…
One clear example is Monsanto, who monopolizes the Genetically Modified (GM) seeds with a market share of 90% and has brought harm to many local Indian farmers. Due to Monsanto’s dominance in the GM seed market, they were able to set their Bt cotton seeds, which many local Indian farmers are highly dependent on, at a high price. However, the seeds did not thrive well in India’s climate, and many farmers took their own lives because of the debts that they have incurred. Furthermore, the monopolization of Monsanto has made it impossible for the farmers to turn to other …show more content…
(2013). Nike Sustainability, Interactive Map. Retrieved 2013, from Nike. Inc: http://manufacturingmap.nikeinc.com/#
United Nations Conference on Trade and Development. (2012). World Investment Report 2012. Geneva: United Nations Publications.
Nestlé. (2012). Nestlé EAR Factsheet. Retrieved 2013, from Home | Nestlé Global: http://www.nestle-ea.com/en/aboutus/nestléearfactsheet
McGregor, S. (2011, July). Nestle Plans to Invest $1.4 Billion in Africa, Buy Local. Bloomberg News .
Stone, K. E. (1997). Impact of the Wal-mart Phenomenon on Rural Communities. Chicago: Farm Foundation.
Sheffield, C. (2013). India 's Bureaucratic Nightmare Kills Wal-Mart Retail That Could Benefit Millions in Poverty. Forbes.
Hartman L, Wokutch R (2003) Nike, Inc.: corporate social responsibility and workplace standard initiatives in Vietnam. In: Hartman L, Arnold D, Wokutch R (eds) Rising above sweatshops. Praeger, Westport pp 145-190
Radin T (2003) Levi Strauss & Co.: implementation of global sourcing and operating guidelines in Latin America. In: Hartman L, Arnold D, Wokutch R (eds) Rising above sweatshops. Praeger, Westport, pp