Geography 3422A/B Lecture Notes - Lecture 6: Outsourcing, Ideal Type, Zaibatsu
Document Summary
Transnational corporation a firm that has the power to coordinate and control operations in more than one country, even if it does not own them. World"s largest transnational corporations as of april 2011: jp morgan chase, hsbc holdings, general electric. Global shifts towards mne"s: liberalization of cross-border movements (government policy, development of institutions and service firms facilitating trade. Transportation, banking, etc: consumer pressures, increasing global competition, technological advances, ease of doing business (from easiest to hardest) Social impacts of mne"s: institutional development, effects on the natural environment, ethical business practices, labour standards, customs and traditions. Technological impacts: increased accessibility to innovative and advanced technology, sophistication in infrastructure (transportation and communication, transfer and sharing of knowledge. Csr (corporate social responsibility: the issue of whether businesses should promote csr is hotly debated, many of the world"s biggest companies (including bp and the now defunct enron) have embraced the notion, from most responsible to least: Canada 12th (50% believe in csr)