GEOG 122 Lecture Notes - Lecture 8: Multinational Corporation, Abscissa And Ordinate, Walmart
Document Summary
Creating one world, where geographic difference makes no difference. But their rationale as institutions depends upon keeping the world apart. Multinational corporation(mnc) and space: almost as old as capitalism itself: british hudson bay co, british east indian co. dutch. East indian co: marx predicted growing size of corporations would cause the collapse of capitalism. Multinational corporations: mnc"s (or transnational corporations, tnc"s) are firms that own, control and co- ordinate activities in more than one country (dicken, growth in numbers: 1970(around 7000), 2006(around 63,000: growth in size. High degree of geographical concentration: fortune 500 top global companies in 2014: 28: british: canada has 10 (suncor top canadian company at 282nd place, china: 95(up from 24 in 2008, now 2nd in world, russia: 8, india: 8, brazil: 7. What accounts for the success of mncs: multinational corporations divide and separate their internal operations so that they can be located at different national sites in order to maximize efficiencies and minimize costs, e. g:
