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Pros And Cons Of Multinational Corporations

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Transnational Corporations (TNCs) firstly were called just international businesses, to recognize them from firms that worked in local or national markets. At that point for a long time, the term multinational corporations were connected to the firms that worked in a few diverse national markets. As worldwide markets and generation structures have developed, the final term has gotten to be transnational corporations, where the preface trans means to go beyond. In last years, Transnational Corporations (TNCs) have been the fundamental engines supporting the extension of worldwide free enterprise. We continually see them in our daily lives. Transnational Corporations have dependently been disputable because their worldwide extent makes them …show more content…

The worst things about these corporations are that they offer a cheaper labour than small businesses or firms, also the employee’s conditions are rough because they work long time, long hours for little salaries. Bad thing also mentioned above about Transnational Corporations is that they are very powerful; they have abilities to make changes within the state and deal or offer to other countries without permission of its state. And the last problem but not at least is that Transnational Corporations (TNCs) are achieving a monopoly above the global economy. E.g., such huge and powerful corporations have the ability to detect and drive out local businesses by making a miss fortune on commodities. It is very important to mention these problems or disadvantages of the Transnational Corporations in China and mostly in every country. As mentioned above except the bosses and leader of these corporations nobody else is gaining. Workers do not get what they deserve. They work a lot of hours and they do not get rewards for that. China is a country known for the smallest salaries for workers. United States of America is an example of the Foreign Direct Investment (FDI) in China, this because they pay Chinese workers with a little pay. The United States of America develop huge corporations inside …show more content…

The Government should take actions in order to help workers. The problem with salaries and bad conditions at work has to be considered by the government of the state. This problem can be regulated by putting standards salaries which corporations cannot decrease those. For example, making 500$ Dollar the lowest salary in the corporation and offer workers better conditions and benefices. By the time, people will getting richer, would have more money to care for their families, and then the term homeless will be avoided. It is known that the largest corporations are leaded by some people who also are part of the government, people who play a significant role in the government decision-making, and my recommendation on this would do not allow the same people who work for government to be bosses of the corporations. Also the State should stop them some privileges that they have with other countries, because those are leading to different disagreements between countries. Trying to stop all these points I mentioned would automatically reduce kills that are happening in order to get the position or the mandate of these powerful

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Huba 1 American companies are continually striving to have the most competitive price for their products. As always, having low prices always comes with a cost some way or another. One way companies lower production costs is by moving production to another country. When companies move production to other countries, many problems can arise. For instance, when a company moves they must lay off hundreds, sometimes even thousands of employees.

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We have a systematic problem that includes not supplying livable wages. In the documentary 'One Crisis Away' chapter four, 'Living On $10 An Hour, While Trying to Pay the Bills', as well as in Reading 50 in our text book "The Social Construction of Difference and Inequality: Race, Class, Gender, and Sexuality" shows how people struggle financially even when being paid over the minimum wage. People are then forced to work two jobs in order to pay bills and take care of their children. However, there is a kicker, if one would make too much money, for example, in Reading 51 or one of the examples from the panel discussion in 'One Crisis Away' then they could lose any government assistance they might be able to utilize to help take care of themselves medically or in terms of food stamps. This, to me, seems to be an effort to keep people down, instead of helping them

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From around 1870 to 1914, the U.S. went through the Gilded Age where giant corporations such as Standard Oil and J.P. Morgan & Co. sprung up. However, such big corporations hurt the average U.S. citizen by underpaying workers, being run unfairly, and allowing a small few to practically control the nation's economy. During the Progressive Era, from 1890-1920, the Sherman Anti-Trust Act and other laws were implemented by President Theodore Roosevelt to put a leash on large corporations, and ultimately help the average citizen and small business owners. Big business leaders hurt the average citizen by not fairly paying workers.

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However, as corporations start to expand their business and operate multinationally, they must rethink that parameters of their moral responsibility. As Wettstein stated, “corporations may become complicit in human rights violations although they are not doing anything wrong in a conventional sense or engaging in any unlawful conduct” (Wettstein, 37). Corporate complicity generally implies that the corporation(s) at hand are actively aiding and abetting in the violation of human rights, whereas silent complicity implies the fact that corporations are aware that human right are being violated, however, they choose not to protect or assist the victims (Wettstein, 40). In Wettstein’s perspective, when aware of a human rights violation occurring, corporations should be obligated to step in and influence the government on certain human rights policies, only if a corporation is influential enough and has the resources. Thus, Wettstein combines both stated active and passive duties above and deems that a corporation is being silently complicit towards human rights violations when it fails to speak out and protect the victims, and if that failure to speak out implies a legitimization and implicit endorsement of the

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These corporations became increasingly powerful and influential, controlling vast amounts of wealth and resources. However, the success of these corporations came at the expense of workers, who often endured

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This is at any cost no matter what illegal, monstrous behaviors they engage in while at work, or how charming they are in their everyday lives outside of work they as humans have morals which they should carry with them to their jobs creating a corporation based on excellent morals verses one that has all the defining characteristics of a psychopath. The government is also responsible for the actions of psychopathic corporation because they do not mandate punishments severe enough causing the corporations to follow the rules and regulations allowing for little to no punishment for cases of corporate

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Multinational corporations had brought numerous opportunity to developing country such as job opportunity, increasing guarantee at employment rate. It is benefited for developing country to improve the economy. According to Management development in international companies in China (Stephen T.K. Li, 1999), China is obtained 10% average annual by multinational companies and foreign companies create over 8 million job opportunity to China people, most importantly, China had a low employment rate before multinational companies enter into China. Consequently, the international companies are benefited to developing economy to developing

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