HLTC05H3 Chapter Notes -International Financial Institutions, Movement For The Survival Of The Ogoni People, General Agreement On Tariffs And Trade
Document Summary
Transnational corporations (tncs) most profoundly affect the lives of people. Direct impacts: affect wellbeing of workers in factories, fields and mines. Indirect impacts: affect quality of life for all of us through environmental practices, promotional activity and political influence. Rise of the us tncs: early american business run by family farms, craftsmen shops, businesses owned by cities and towns, after american rev. - most dominant, operate any way they choose: tncs hold a lot of political and economic power resulting in government losing ability to protect citizens, which in turn leads to poorest members of society suffering the most. Tnc labor practices: competition for adequate employment very high in latin america, africa and asiareal incomes on working people declining as well as laborers rights/protections, labor market flexibility: essential element of neoliberalism, and part of. African countries horrible work conditions, low wages, unemployment soaring,job loss, cuts in subsidies/social services, currency devaluation: tncs responsible for deterioration.
