Essay- 12 Inter. Organizations Overshadow Governments

Question 1

Multinational corporations?

Answer 1

• businesses that have assets, markets or production and ownership in 2 or more countries
• abide by laws of countries in which they operate
• began in the 1800’s

Question 2

Positives of MNC’s?

Answer 2

• bring jobs, tech, new skills, company and workers pay taxes to local and national governments
• tax revenue can be used to build schools, roads, hospitals, weapons
• local business growth

Question 3

Political power of MNC’s?

Answer 3

• economic power of MNC’s has eroded power of governments to control economy
• ignore governments when interests clash
• form well financed interest groups in every nation to put pressure on government leader to make decisions that benefit the company
• attempt to standardize cultures
• control significant amount of finance capital

Question 4

International non-governmental organizations?

Answer 4

• operations beyond direct control of governments

- some supported by governments