Category Archives: Transnational corporations

Goldman Sachs Worried About Rising Wages….

In this recent post ‘ America is getting a raise and Goldman Sachs is freaking out about it ‘ Nick Casella cites an extract from investment bank Goldman Sachs’ daily newsletter ‘ Global Markets Daily’ which indicates that they think rising … Continue reading

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What are Transnational Corporations?

Introduction – Definition and Scale of TNCs Transnational Corporations are businesses that operate across international borders, though most of them have their headquarters in the USA, Europe and Japan. There were about 7000 TNCs operating in 1970, but the charity … Continue reading

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Arguments and Evidence that Transnational Corporations Harm Developing Countries

Marxists are generally critical of the role of TNCs in developing countries. They basically argue that they are part of the neo-colonial project and their main focus is to maximize profit by extracting resources from poor countries as cheaply as … Continue reading

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Arguments for Transnational Corporations in Development

Modernisation theory saw TNCs as playing a positive role in helping societies to develop. Rostow (1971) saw the injection of capital as essential in the pre-conditions for take-off phase of development, and he thought TNC’s were one of the institutions … Continue reading

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Noam Chomsky – The Decline of the U.S Superpower?

In this talk Noam Chomsky emphasises that Trump’s election and his climate change denial threaten the very existence of the planet and the human species; and he also reminds us that despite America’s increasing political isolationism, U.S. Corporations still reign … Continue reading

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The Shock Doctrine by Naomi Klein – A Summary

Naomi Klein is one of the leading thinkers in the anti-capitalist movement and this book is one of the most important historical narratives of this century. Taken from the web site – ‘At the most chaotic juncture in Iraq’s civil … Continue reading

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Food Inc – A Summary

This is a Superb documentary which demonstrates the downsides of the industrialisation of the food system in the USA. It is relevant to the following areas of Global Development within A level Sociology. Illustrating the downsides of Industrialisation Illustrating unfair … Continue reading

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Union Carbide – The Worst Industrial Accident in History

Possibly the strongest piece of case-study evidence supporting the Marxist view of crime In December 1984, an explosion at a pesticide plant in Bhopal India, then owned by the American multi-national Union Carbide, lead to deadly gas fumes leaking into … Continue reading

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