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The past fifty years have seen a rapid growth in Transnational Corporations. Where has this growth occurred and why has it been so rapid?
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Manufacturing Industry - Transnational Corporations The past fifty years have seen a rapid growth in Transnational Corporations. Where has this growth occurred and why has it been so rapid? A transnational corporation (TNC) is a large business organisation that operates and has ownership of assets in more than one country. TNCs are responsible for a large percentage of total world employment, production and trade and are therefore the major contributor to Foreign Direct Investment (FDI), equipment and property that is owned by businesses outside their home country. There are about 37,000 major TNCs. They have been changing rapidly by expanding through mergers and takeovers and have become 'the powerful players in the global village'. In the 1960s transnational companies accounted for 17% of the worlds Gross Domestic Product, but by 1995 it had reached 32%. TNCs therefore wield huge economic, financial and political power an their activities affect the entire...
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