Glb-301 (Ass 8) Essay

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OLUFUNKE BAKARE GLB-301 OCTOBER, 2013 Answer each of the following questions on the peril of conflict and the promise of conflict resolution. Your answer to each item should be an essay of 350 to 800 words in length. (With a typical font and spacing, this comes to between 1½ and 3 pages.) It is recommended that you refer to outside sources as you consider these issues. Be sure to document your sources correctly. Answer one (1) of the following questions: We live in a world in which 13 of the top 50 economies are companies, not countries. How does this change the responsibility companies have for providing for social needs and addressing big-ticket challenges of the future? How can companies ensure their own…show more content…
These companies have been responsible for creating job opportunites, boosting the economy and creating a better soucer of living for the citizens of these countries. “The vast numbers of MNCs are located all around the world; they vary widely in size and interest. Their intention is to take a package of capital, technology, managerial know-how, or marketing skills to carry out production or business services abroad. Their effects are far reaching, affecting the daily lifestyle of the average consumer. Partly because of their size, MNCs tend to dominate the sectors in which they specialize. As a result, their transnational business ventures offer much debate about their impact on developing countries; many arguments have been proposed on this subject alone” ( ). This paper will be used to illustrate the opportunities created by MNCs for less developed countries. A historical account will be presented identifying the general impact of MNCs on developing countries up to the 21st century. Contemporary views will also be used for the purpose of evaluating the influence of MNCs in the areas of growth and efficiency, welfare, and values and institutions in the present and potential future consequences. The earliest version of the modern MNC is visible in the imperialistic and colonizing ventures by Western Europe, dating back to the 16th century. The modern version of the MNC was apparent with the advent of industrialization in the 19th century. Companies

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