Access over 20 million homework & study documents

Friday, March 2 2018

Content type
User Generated
Rating
Showing Page:
1/5
Global Corporations: Wal-Mart as an Example
- More than any other single institution, the transnational corporation has come to be
regarded as the primary shaper of the contemporary global economy
Global Corporations
- Seem to offer the possibility of bringing the whole world together, so that the
geographical difference would not matter
- But their rationale as institutions depends upon keeping the world apart
- Make money by separating things geographically, by putting different parts of what they
do into different geographical spaces. That is why they are multinational corporations,
and they function by keeping the world apart, not by bringing the world together.
- By putting their operations in different countries and stretching their internal organization
and by using space and place strategically, they are able to maximise their bottom line
profit.
- They have operations depending on their ability not to eradicate geographical
differences and thereby go against their advertise message. Their rationale is to
maintain separation.
- But, they do not want consumers to know about the underage workers who suffer in
production processes.
The Multinational Corporations (MNCs) and Space

Sign up to view the full document!

lock_open Sign Up
Showing Page:
2/5
- Marx predicted growing size of corporations would cause the collapse of capitalism.
- However, Marx himself was very contradictory in this his wealth also originated
from multinational corporations because his friend Engels donated half of his
wealth to Marx, and Engels’s father was an owner of a MNC.
- MNCs are firms “that own, control and coordinate activities in more than one country.
- There has been an exponential increase in the number of MNCs over time:
- 7000 firms in 1970
- 60000 firms in 2016
- High degree of geographical concentration
- Most MNCs are American, Chinese, Japanese.
- China is most prominent in Global South with multinational corporations.
- Also a lot of French, German and British firms.
- Also a few Canadian, Russian, Indian and Brazilian firms.
- Countries in which those multinational corporations are based in are at a considerable
advantage.
- Countries not coincidentally at the highest GDP has the highest number of multinational
corporations located within them (USA).
Even though Marx predicted against it, how have multinational corporations continued
and what accounts for their success?

Sign up to view the full document!

lock_open Sign Up
Showing Page:
3/5

Sign up to view the full document!

lock_open Sign Up
End of Preview - Want to read all 5 pages?
Access Now
Unformatted Attachment Preview
Global Corporations: Wal-Mart as an Example - More than any other single institution, the transnational corporation has come to be regarded as the primary shaper of the contemporary global economy Global Corporations - Seem to offer the possibility of bringing the whole world together, so that the geographical difference would not matter - But their rationale as institutions depends upon keeping the world apart - Make money by separating things geographically, by putting different parts of what they do into different geographical spaces. That is why they are multinational corporations, and they function by keeping the world apart, not by bringing the world together. - By putting their operations in different countries and stretching their internal organization and by using space and place strategically, they are able to maximise their bottom line profit. - They have operations depending on their ability not to eradicate geographical differences and thereby go against their advertise message. Their rationale is to maintain separation. - But, they do not want consumers to know about the underage workers who suffer in production processes. The Multinational Corporations (MNCs) and Space - Marx predicted growing size of corporations would cause the collapse of capitalism. - However, Marx himself was very contradictory in this his wealth also originated from multinational corporations because his friend Engels donated half of his wealth to Marx, and Engels’s fa ...
Purchase document to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Anonymous
Really helpful material, saved me a great deal of time.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4