What • A Multinational Corporation is a corporation that’s registered in more than one country and operates in more than one country. • Make things and also sell things in multiple countries. • Many have their own economy that can be larger than that of a country.
Who • McDonalds • Walmart • Microsoft • Facebook • General Motors • PepsiCo
When • British East India Company: 1600 • Dutch East India Company: 1602 • Industrial Revolution: 1760-1840 • Shipping Containers: 1956 • Slowed down a little but picked up during and after WWII; still expanding.
Where • United States • China • India • Japan • United Kingdom • Mexico
Positive Effect: Globalization • Transport ideas, people, goods, and wealth across national borders, international trade • Positive effect on economies, making poor nations wealthier • Help improve quality of life for lower income people; example, Walmart selling everything they do at such low prices means more low-income people can buy such things.
Negative Effect: Globalization • Critics criticize MNC’s for driving local businesses out of business • They can cause inequality between countries • They can exploit countries that aren’t very wealthy • Some accuse them of having too great an effect on policies, which they can wield to get their own way without regard of whether or not it’s good for the world at large.
Summary • http://www.youtube.com/watch?v=FCojpFwWuG0