ENVS 2000 Lecture Notes - Lecture 8: Foxconn, Sub-Saharan Africa, Quaker Oats Company
10 Apr 2019
School
Department
Course
Professor
Document Summary
They seek to maximize profit, and to maximize their market share (this monopolizes the market or eliminates the competition) 70% of all trade are controlled by tncs, close to 90% in technology is controlled by tncs. About 50% of tncs control food, agriculture, and oil. Walmart has a higher economy than many countries like spain, and sweden: 2012 revenues are bigger than the gdps of austria, columbia, south africa, and. In the top 100 global economies, 51 are corporations and 49 are countries: the top 200 corporations are bigger than 4/5th of the world"s countries, growing importance of tncs. They have such dehumanizing conditions of many workers: rise of branding , one of the biggest changes in tncs is marketing. They used to mass produce for the market and create the same thing for everyone, but not branding has allowed corporations to sell much more and much better by relying on culture.
