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'The growth of the influence of the TNCs represents the emergence of a global culture of power without responsibility' (Discuss) A Transnational Corporation (TNC) is a company that operates in more than one country. The headquarters usually tend to be located in a 'first world' nation (though recently there has been an increase in headquarter locations in Newly Industrialising Countries such as Singapore). Much of the production for the company is often done in 'third 'world' countries, which welcome the TNCs, although much poorer wages tend to be paid to workers in these locations. Thus TNCs are rightly characterised as large, highly sophisticated organisations, richer than most countries and at times more powerful than many governments. A good example of a TNC is the sportswear/fashion company Nike where its headquarters are in Oregon, United States, however the entire manufacturing process is carried out through independent subcontracting in South East Asia - nations...

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