The Negative Impact of Multinational Corporations on Lesser-Developed Countries (LDCs)

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A corporation is a form of business organization where the firm is a legal entity separate from its owners. As corporations grow and become multinational, their interests and influence extend accordingly. The decisions made by these corporations are always made with a primary goal of increasing profits. Needless to say, the decisions taken by corporations often regard public interests as inferior to their own, so many of their decisions have a calamitous impression on the public. The multinational corporations, Wal-Mart, Nike, and Gap, had negative impact on the world through human rights violations, through their control of the media, and by putting smaller local companies out of business.

Corporations are often major violators of
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Although they are providing jobs for people in the third world, it is immoral and cruel because of the extremely poor working conditions that the people are forced to put up with. Furthermore, many corporations, such as Wal-Mart, ban unions that would be able to give a voice to their workers.

Major corporations and its mainstream media are constantly demonizing unions. Even the United States suffers from the denial of worker unions by the corporations. Worker unions are associations of wage-earners for the purpose of maintaining or improving the conditions of their employment. Wal-Mart is well known for its active anti-union stance in North America. Being able to influence and own most media companies, it is hard to be able to publicly debate the notions and ideals that corporations pursue. The ownership of media outlets is becoming increasingly concentrated as mega-mergers take hold, resulting in a reduction of diversity and depth of content that the public can get, while increasing the political and economic power of corporations and advertisers. (McChesney 1999) Another negative aspect of the corporate control of media is that companies see children as an enormous market with incredible purchasing power, which leads to a lot of advertising and marketing targeted directly at them. This
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