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Impact of Multinationals on Economy and Society: A Globalization Analysis

This analysis explores the extensive influence of multinational corporations on the economy and society, focusing on sectors such as shipping, civil aviation, and logistics. It examines privatization trends, job losses in ports, and the deteriorating working conditions faced by seafarers, particularly in the context of Flag of Convenience (FOC) shipping. The study highlights the restructuring in civil aviation, the impact on fisheries, and the dominance of global logistics companies. Through various cases, including P&O and airline giants like Singapore Airlines and Emirates, it offers insight into the consequences of globalization.

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Impact of Multinationals on Economy and Society: A Globalization Analysis

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  1. Analysis on Multinationals Impact on Economy and Society Nishi and Masako -ITF

  2. Overview on Globalisation • Privatization - Port and Docks P&O - Seafarers FOC shipping - Civil Aviation Global alliances - Logistic companies DHL - Fisheries FOC

  3. Impact of Globalisation • Port and Docks job loss ban on new recruitment deterioration in working conditions, job security and social benefits

  4. Impact of Globalisation • Seafarers (FOC) complete deregulation no working conditions no security very low wage rate

  5. Impact of Globalisation • Civil Aviation restructuring fragmentation (concept of virtual airlines) out-sourcing sub-contracting disinvestment by government to private/foreign companies

  6. Impact of Globalisation • Logistic companies devouring the local economy (larger companies taking over smaller ones: conglomerates)

  7. Multinational investment • P&O Singapore operating terminals in India, Sri Lanka, Thailand, Malaysia and Australia, etc. - Taking ports on B.O.T. basis - Encouraging anti-union activities - invest on technology to increase profit

  8. Multinational investment • Singapore Airlines and Lufthansa both operating ground handling and catering services in other countries • Singapore Airlines trying to acquire a stake in Air India • Emirates taking over Sri Lanka Airlines

  9. Company Headquarters • DHL - Germany • Singapore Airlines - Singapore • Lufthansa - Germany • P&O Singapore - Singapore • Emirates - U.A.E.

  10. Impact of Globalisation -case study • Tuna Fishing in Kiribati • P&O taking over ports in India

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