Multinational MNCs Transnational Corporations TNCs GLOBAL 500 COMPANIES

Multinational (MNCs)& Transnational Corporations (TNCs)

GLOBAL 500 COMPANIES - QUIZ 1. What company headed the Global 500 list in 2010? Profits $14, 335, 000

GLOBAL 500 COMPANIES - QUIZ 2. What are the next top four companies on the list?

GLOBAL 500 COMPANIES - QUIZ 3. What country had the most companies on the Global 500 list? How many companies did this country have? 139

GLOBAL 500 COMPANIES - QUIZ 4. What are the next top four countries with the greatest number of Global 500 companies? 71 46 39 37

GLOBAL 500 COMPANIES - QUIZ 5. How may Global 500 companies does Canada and India have? 11 8

GLOBAL 500 COMPANIES - QUIZ 6. What company had the largest profits? 24, 555, 700, 000 (2010) Gazprom is one of the world’s largest energy companies. Its major business lines are geological exploration, production, transportation, storage, processing and marketing of hydrocarbons as well as generation and marketing of heat and electric power.

GLOBAL 500 COMPANIES - QUIZ 7. What is the name of the largest Canadian Company on the list? Where did this company rank? Ranked #208 - $35, 144, 000

GLOBAL 500 COMPANIES - QUIZ 8. Name Canada’s other Global 500 countries. 2. Royal Bank of Canada 3. Power Corp. of Canad 4. George Weston (Food) 5. Sunlife Financial 6. Suncor Energy 7. Onex 8. Toronto-Dominion Bank 9. Bank of Nova Scotia 10. Bombardier 11. Magna International

GLOBAL 500 COMPANIES - QUIZ 9. Estimate the number of Global 500 companies that have their head offices in The Core: Semi Periphery: 2010 415 (83%) 85 ( 17%) 0 (0%) 2009 420 (84%) 78 (15. 6%) 2 (0. 4%)

Countries With Low GDP - 2009 Country Continent Malawi Niger Africa GDP ($US 2009) 2. 2 billion 3. 5 billion Somalia Haiti Chad Afghanistan Zambia Sudan Bangladesh Kazakhstan Africa North America Africa Asia 4. 4 billion 5 billion 6. 5 billion 8. 4 billion 10. 5 billion 37. 5 billion 61. 9 billion 77. 2 billion Tota l 217. 1 Billion

Countries With Low GDP - 2009 Kazakhstan Haiti Niger Chad Sudan. Afghanistan Banglades h Somalia Malaw i Zambia

2006 79 411 171 235 21 39 37

Issues of Growth of MNC (TNCs) • Growing power of MNCs • Global expansion of global trade • Protests against MNCs(TNCs) that operate sweatshops to produce clothing shoes and other goods in developing countries • Anti-globalization protests in North America and Europe made on franchieses of companies like Mc. Donalds and Starbucks

Benefits of of MNC (TNCs) • Provides consumers with ever-widening range of products and services @ affordable prices • Overall increase in world economic growth that will make everyone wealthier by providing more jobs and greater economic production • Stimulus for the economic development of developing nations • Faster more equitable sharing of the most recent technological breakthroughs

Criticisms of of MNC (TNCs) • Loss of local cultural identities as products from Japan, US and Europe become commonly used • Corporations are becoming so large - not clear whos laws apply when a company’s operations extend far beyond the borders of any one country • Old Core nations become richer - most of the best jobs and profits go to Core --> rest will get low paying jobs, provide markets & suffer possible environmental damage • Economic uncertainty --> MNCs shop around for best places in which to do business (play 1 country against another in search for cheapest labour or weakest environmental standards