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…
The Mars Trilogy – Good Sociology Novels!
I thought I’d take the unusual step of plugging a series of novels in this post…. The ‘Mars Trilogy’ by Kim Stanley Robinson (1990s) may well be a work of science fiction, but it’s full of sociological themes. I guess you’d call the genre something like ‘ecological science fiction’ – a lot of his novels…
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 is Economic Globalisation?
Economic Globalisation involves the global expansion of international capitalism, free markets and the increase in international trade, a process which has accelerated since the 1950s. Nearly every country on earth now imports and exports more from and to other countries than it did immediately after World War Two, and even ex-communist countries are now part…
A Level Sociology: Global Development Module Overview
Globalisation and its consequences There are Economic, Cultural and Political elements of Globalisation Optimist view of Globalisation Pessimist view of Globalisation Transformationalist Traditionalist Also… Does Globalisation mean the decline of the nation state? The problems of defining and measuring development and underdevelopment How should we define and measure development? The strengths and limitations of Western…
Dependency Theory Applied to Gender and Development
Dependency theory and Marxist-Feminists would probably point out that many Transnational Corporations are not interested in helping developing countries. Rather, they simply exploit patriarchal values rather than promoting real equality. They do this through taking advantage of ‘women’s material subordination’ – women put up with worse conditions than men because there is no better alternative other…
How Private Aid Foundations Influence Economic Policy in Developing Countries
It could be used in the Global Development topics on ‘Organisations in Development’ or ‘the role of Private Aid in Development’ A flow chart of what’s below would run something like this… TNCs (pump their profits into their) – Charitable Foundations (who established) – The Council of Foreign Relations (which influences) – The World Bank…
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…