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TNCs and Globalisation This is not just true for the industrialised world. It is a global phenomenon. And no wonder ! The latest official figures indicate that there are now more than 37,000 transnational companies controlling almost a quarter of a million subsidiaries. Ninety per cent or 34,000 are based in industrialised countries. Just over half of their subsidiaries are operating in the Developing World. 56% of the parent corporations have their base in the European Union but only 24% of their subsidiaries operate within European boundaries. The number of multinationals is growing daily and increasingly have a base in the newly industrialised countries. These companies have a major impact on home and host country output, demand patterns, trade and technology flows and employment and labour practices. They also set the tone for the structure and pattern for competition in their sector. Transnational companies are continuing to expand their activities and at a...

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