Influence of TNCs Flashcards
(23 cards)
TNCs are collectively the world’s most powerful economic force but…
no intergovernmental organisation is charged with regulating their behaviour. This naturally favours the developed world and inhibits developing countries
How can TNCs influence politics?
They donate to political parties, some TNCs are owned by rhe states e.g Gazprom, governments often try to protect and support TNCs from their countries
The East India company rules __% of the world’s population
20%
How many TNCs were there by 2015?
there were 75,000 TNCs by 2015
The top 200 TNCs produced __% of the world’s economic output?
25%
In 2006, _ of the top 10 TNCs by revenue were American
6
Of 5 of the companies which dropped out of the top 10 between 2006 and 2015, 4 were…
American motor companies
Walmart produces the same revenue as…
Sweden, the world’s 22nd largest economy
How many countries does Google have offices in?
60
The biggest 500 TNCs together account for nearly __% of world trade
70%
Why are TNCs key to globalisation?
TNCs are the key driver of globalisation because they have been re-locating manufacturing to countries with relatively lower labour costs in order to increase profits and returns for shareholders
Where are Volkswagen, Toyota, Nissan and General motors based?
They are all based in Mexico which has helped this country to build a comparative advantage in manufacturing and then exporting vehicles within the NAFTA free trade area
TBCS from emerging market countris now account for __% of the global Fortune 500
30%
By 2022, emerging market countries will account for over __% of the global population and __% of global GDP
80%, 40%
What chinese TNC is ranked 4th in the Fortune 500 index in 2017?
China National Petroleum
What Chinese TNC is in the top ten consumer brands?
China Mobile
In the 2000s, global trade increased in value by over__%
85%
TNCs now account for __% of global trade
80%
What is an issue with TNCs and pharmaceutical companies?
They often make many medicines unaffordable to poorer countries
How have treatments for HIV been made unavailable to developing countries?
Many medicines for HIV are very expensive which provided a widespread barrier to HIV treatment in sub-Saharan Africa, the worst affected area for HIV
What crops are controlled by TNCs?
Genetically modified crops e.g Monsanto in the USA
What do some TNCs force farmers to do?
Sign contracts to use only their chemicals, or preventing them from saving seed to use the following year
How many of the world’s poorest people rely on saved seed, but instead they have to buy new seed every year
1 billion
