Flashcards in Global industries and companies Deck (3)
What are the impacts of MNCs on the local economy?
- Local labour, wages, working conditions and job creation
- local businesses suffer or thrive
- environment worsens
What are the impacts of MNCs on the national economy?
- FDI flows increase
- Balance of payments
- Technological and skills transfers
- consumers choice
- business culture
- tax revenues and transfer pricing