POLSCI 2J03 Lecture Notes - Lecture 9: Horizontal Integration, British Association For Immediate Care, Oligopoly
19 Mar 2020
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Document Summary
When examining global production we need to disaggregate (to take things apart) Transnational corporations (tncs): enterprise that undertakes foreign direct investment, owns or controls income-gathering assets in more than one country, produces goods or services outside its country of origin, or engages in international production. Global commodity chains: an internationally integrated process of economic links between corporations and workers whereby commodities are gathered, transformed into goods and services, and distributed to consumers across the world. These three often used interchangeably and could mean the same thing. Transnational corporations, multinational corporations and multinational enterprises. Business which owns and operates production in more than one country. Vertical integration: when a company tries to control the whole process of production starting from processing to retail. Horizontal integration:acquisition of business activities that are at the same level of the value chain in similar or different industries.
