GEOG 122 Lecture Notes - Lecture 11: East India Company, Kathie Lee Gifford, Multinational Corporation
Document Summary
More than any other single insituion, the transnaional corporaion has come to be regarded as the primary shaper of the contemporary global economy peter dicken, global shif. Seem to ofer the possibility of bringing the world together. But their raionale as insituions depends upon keeping the world apart: nike football, kathie lee giford handbag, beneton sweater, lithium-ion batery. Almost as old as capitalism itself: briish hudson bay company, briish east indian company, Marx predicted growing size of corporaions would cause the collapse of capitalism. But marx parially lived of their proits engels gave marx of his annual income that came from an mnc. Even the iercest criics of mncs can"t help but get involved with them. Mncs (or transnaional corporaions, tncs) are irms that own, control, and coordinate aciviies in more than one country dicken. Walmart is the largest mnc in revenue almost half a trillion dollars.
