Log in
Economics
1
answer
0
watching
80
views

Find one example of a multinational corporation (MNC) that dominates the economy of the country in which it is located

a) What measure of domination did you use? MNC Revenues vs National GDP?

b) Apart from this measure (whatever measure you used), what else points to domination?

Ā 

Watch
1
answer
0
watching
80
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Retselisitsoe Pokothoane
Retselisitsoe PokothoaneLv10
29 Sep 2019

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

GDP is used by economists to measure a nation's total production, so clearly they don't want the calculation of GDP to miss any significant amounts of production that take place. Still, every country, including the U.S., has people who conceal their buying and selling of goods and services from the government; this activity is referred to as the "underground economy, " and its existence means that measurement of GDP isn't capturing some production that is taking place. Aside from obvious cases of people buying or selling illegal products or services, why else might someone wish to conceal their production from the government? Can you provide an example of such activity?

Scenario: As Junior Minister in the Ministry of International Business, you have been asked to present arguments about the benefits/challenges surrounding MNCs in the Caribbean and similar developing economies. Develop arguments FOR OR AGAINST the following moot: Being cognisant of the distinction between risk management strategies and risk mitigation, one can say that the risks to the host country and to the MNC/investing country are minimal.

Notes

1. Draw from all of the information presented during the course to make your case as formidable as possible.

2. It is possible to present arguments both for and against, to deduce the net (positive or negative) effect.

3. This thesis is a useful reference: Persaud, T., (1976), Conflicts between Multinational Corporations and Less Developed Countries: The Case of Bauxite Mining in the Caribbean with Special Reference to Guyana a. Do not try to read the thesis exhaustively; it is simply a tool which contains useful pointers.

After our last "conversation", I came up with some additional questions that I believe if I can answer when talking to my boss will increase my chances of landing a raise this year. It seems to me that if the economy grows, then my salary should grow as well. Given that this will be the premise of my argument, I need to have the following questions answered:

a) What would be the best measure of growth in the economy? I have heard the terms GDP, Personal income, Disposable income, and others that relate to the U.S. economy. Could you please sort out this terminology for me, and make a recommendation for which of these measures of economic performance I should use in my contract negotiations? If you could provide some definitions for these measures, it would make me feel more confident.
b) How fast has the economy grown over the last year, the last decade before the current recession, and since 1978 when I entered the job market? If you could provide this information as a percentage growth rate, I would greatly appreciate your efforts. Also, please show me your calculation in case I want to reproduce it for my boss. I am not so swift at the whole math thing.
c) Lastly, I was listening to a news broadcast the other evening and reported was discussing gross national income. This is confusing to me because I thought the measure of income and output were measure by GDP; at least that is what I remember from a friend of mine who took econ in college. Please give me a brief explanation of GDP and how it relates to gross national income. If you could provide a picture or diagram to help me understand I would greatly appreciate the effort. My boss gets crafty occasionally and I would like to understand these concepts if he starts talking about gross national income. Just in case. In addition, is this a good time to crank on my boss for the raise?

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in