Category: Transnational corporations

  • The Scale of the World’s Largest Corporations

    I thought it’d be useful to do a little post on the sheer scale of global corporations, so below I simply list the top 10 by revenue and then in italics next to them I’ve put the countries who rank immediately below them by nominal GDP* at 2016 figures. The Fortune 500 magazine publishes the…

  • Assessing the view that TNCs harm developing countries.

    It’s fairly standard practice in A level sociology to teach that transnational corporations are basically evil and harm developing countries. I subverted this a little bit today and got students to make presentations assessing this view. The instructions were quite simple: Outline four case studies of corporations harming developing countries. Outline three to four imitations…

  • ExxonMobil – The Worst Corporation in the World?

    ExxonMobil is the world’s largest oil and gas corporation – its main ‘business lines’ involve producing a range of fuels for cars, planes and ships, as well the technologies surrounding the extraction and refining of these fuels. ExxonMobil: Key Facts and Stats Registered in Texas, USA. Assets (2016) – $330 billion Revenue (2016) – $218…

  • Glencore – The World’s Worst Transnational Corporation?

    Glencore is one of the world’s largest commodities companies – it operates in 150 countries extracting natural resources such as iron and copper, but also has interests in  coal and oil, as well as numerous agricultural products. Glencore – key facts and stats It is registered in Switzerland Has £128 billion in assets (2015) Had…

  • 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 wages in America will be bad for corporate profits. “Wages are rising. The ‘wage tracker’…

  • What are Transnational Corporations?

    We’ve probably all heard of companies such as Walmart, Amazon, Apple, and Shell, and these are all examples of Transnational Corporations – in fact these four all feature in the top 10 global companies by revenue in 2020. Some of the others you may never have heard of because they don’t have such a public…

  • Arguments and Evidence that Transnational Corporations Harm Developing Countries

    Dependency theorists criticise TNCs for extracting resources, exploiting workers and preventing development

  • 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 which could help kick start the process of development by investing money, technology, and expertise…

  • 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 supreme. Chomsky starts by saying that he was in Spain when he heard the results…

  • 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 war, a new law is unveiled that would allow Shell and BP to claim the…