Category Archives: 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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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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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