Pros and Cons of Transnational Corporations

Table of Content

Explain the pros and cons of Tons on the developing world. Tons, transnational corporations are large companies that have operations in more then one country. An example of a TNT is Coca Cola. There are many pros to Tons such as they build infrastructure, bring new technology to the country and provide jobs for local people. But there are also many cons like land degrading, they exploit workers, and they avoid taxes. Tons invest in poor countries, they build new infrastructure.

Tons commonly build new factories in Olds, they also build or repair roads in the area so it is easier to transport goods, this brings wealth to the local area and benefits local people. However T NCSC can often cause major environmental degradation which mainly impacts the poorest people like for example the Going people of the Niger delta have received no benefits from oil being extracted from their lands, while suffering considerTABLE environment damage. Tons provide jobs for people in Olds, workers are usually paid up to 100% more than the local rates.

This reduces unemployment in the area and lightly increases wealth however workers are often exploited, by having to work long hours, getting low wages and work in poor conditions which are often unsafe. For example the Primary factory that collapsed in Bangladesh killing over 1100 people in 2013. Tons bring new technology from Meds into Olds this helps people there develop new skills which they can then go on to use in different jobs. This also helps countries become more globalizes.

For example the transfer on technology helped firms in South Korea such as Samsung to learn to design, sake and sell their own products to foreign markets. Many Tons avoid paying taxes in countries they operate in by transferring pricing and tax concessions. This makes it difficult for governments to raise revenues to provide services for local people. In conclusion T NCSC help countries develop by investing in their economies like for example china was a Olds but now it has the fourth largest economy in the world. However many Tons are not properly regulated in Olds which leads to the exploitation of land and workers.

Cite this page

Pros and Cons of Transnational Corporations. (2018, Feb 07). Retrieved from

https://graduateway.com/essay-example-pros-and-cons-of-transnational-corporations/

Remember! This essay was written by a student

You can get a custom paper by one of our expert writers

Order custom paper Without paying upfront