Global industries and companies Flashcards
1
Q
What are the impacts of MNCs on the local economy?
A
- Local labour, wages, working conditions and job creation
- local businesses suffer or thrive
- environment worsens
2
Q
What are the impacts of MNCs on the national economy?
A
- FDI flows increase
- Balance of payments
- Technological and skills transfers
- consumers choice
- business culture
- tax revenues and transfer pricing
3
Q
What factors should MNCs consider?
A
- Political influences
- Legal controls
- pressure groups
- social media
