Trans-National Corporations Destructive and Immoral Behaviors Behaviors

Abstractly, Global corporations have a key role to play in issues ranging from human rights to environmental policies. Specifically, corporations can be most effective in helping the poor by investing in local and global communities on a long-term basis rather than by acting as charities or aid agencies. However, to do so, corporations must restore the public 's trust. They must demonstrate that their presence, particularly in poorer countries and the emerging market economies, is a source of human progress. They must demonstrate that globalisation is not a zero-sum game in which the rich get richer and the poor get poorer. In this regard, those who argue against globalisation are denying 1.5 billion people, who live in absolute poverty, the means of escape. To do nothing is morally unacceptable. The world is watching the corporate sector. This is a moment of great challenge, but also of great opportunity because if corporations can demonstrate that they are agents of progress, they can remove the doubts and renew the trust that is essential for both prosperity and security.

The evolution of Wal-mart from the early 1960s to the present day has set a benchmark that few can achieve. Wal-mart executives have been successful nationally as well as globally. The knowledge and expertise in economics have made Wal-mart a global giant. The research completed is the final recommendations by the members of research team C and will address questions regarding global competition and issues of the organizations ability to expand or reduce current operations.

Many people may ask the same question. “Is Wal-Mart good for the economy?” or even “What are Wal-Mart’s standards for suppliers?” Wal-Mart currently has over 4,000 stores in the United Stated and about over 3,000 internationally. As many people may know, Wal-Mart is the largest retailer in the world. In the year of 2004 Wal-Mart had accounted for 6.5 percent of the retail sales. The wellbeing and prosperity of specialists over their production network is the Mindful Sourcing bunch 's top need, which may be the reason Wal-Mart suppliers are contractually needed to sign their “Benchmarks for Suppliers” before they can even be endorsed to deliver stock available to be purchased at Wal-Mart. These Norms for Suppliers make clear their essential desires for suppliers and processing plants in regards to the treatment of laborers and effect on nature. Suppliers are as well needed to show the “Norms for Suppliers” in the nearby dialect in all industrial facilities where items have been made for them, so specialists know the desires of suppliers and plant administration. In this case, many citizens may believe that Wal-Mart may be both good and bad for America in many different ways. This store has been the cost of many people losing their jobs, but it has also helped keep the United States inflation down. Although Wal-Mart does help create many jobs for people, it does not pay them at

This paper will answer the question of what it means to be a trans/multinational corporation in the 21st century. Walmart is the corporation that will be the focus of this paper. Through examining case studies and expert business analyses of Walmart, this paper will identify what the company sells, where the facilities located, and refer to aspects of capital, labor, and markets of it is final product. Also, this paper will examine the social costs or externalities produced by a multinational corporation such as Walmart. Walmart was chosen for this essay because it is one of the largest trans/multinational corporations in the world. There have been many business analyses conducted on Walmart that focus on its factors of production and this paper will compile information from these analyses.

Supporters of Transnational Corporations (TNC) say that their operation in “third world” country, also known as a “developing country”, benefits both the home country (where the TNC is based) and the host country (where they operate). TNCs construct facilities, make infrastructure improvements, and employ local people, all activities that should improve the economy of a host nation. Many host nations hope that there will be a multiplier effect from the direct investment by a transnational corporation, known as foreign direct investment, or FDI. That multiplier is expected to ripple across all other sectors of their economy – benefitting everyone.

The world has seen a huge rise in the number of Transnational Corporations. Since the 1970s the number of TNCs has risen from 7,000 to over 60,000. To begin with, around 95%

No matter the company, the production of goods in any shape or form is bound to have both costs and benefits to its consumers, its workers and the environment. The widely used phrase ‘commodity chain’ describes process by which firms gathers resources, transforms them into goods (commodities) and, in the final step of the process, and distributes them to consumers (Sparke, 2013). In our age of technology and the ever reigning presence of the internet, commodity chains are becoming increasingly more transparent, just as transgressions of large multinational corporations are brought to the public’s attention much more frequently (Sinclair, 2012). To thoroughly explore the logistical side of commodity chains, this paper will be examining the example of Apple, the American multinational corporation headquartered in California, which designs, develops and distributes our Apple electronics - our iPhones, iPads, iPods, MacBooks, iMacs – as well as various online services and computer software (Apple Inc., 2014). When it comes to customer service, Apple is a bold innovator – very much leading the industry and forces others to catch up. To Apple’s credit, they have also set an incredibly high standard in their innovative energy-efficient electronic products (in fact, the most

Consumers increasingly consider the social impact of the money they spend. Some will pay more to support retailers who assert sustainable practices, for instance, by buying products made with recycled material. Others avoid companies notorious for irresponsible or unethical practices, such as outsourcing manufacturing to exploitative sweatshops in under-developed countries. More than ever, retail store owners must consider the ethical and social ramifications of their actions, as well as the actions of their suppliers (Mack, n.d.).

I feel that transnational cooperation’s have had a large impact on globalisation. A transnational corporation (Multinational Corporation) TNC is a corporation or enterprise that manages production establishments or delivers services in at least two countries such as Coca Cola and Nike. Very large multinationals have budgets that exceed those of many countries. Multinational corporations can have a powerful influence in international relations and local economies and play an important role in globalisation. I feel that the economy is the most significant motivating force

The company's responsibility to employees who lose their jobs and loyal customers when Wal-Mart pulls out of a community

Analysts agree that TNCs have altered the international relations principles that were once dominated by nation-state relations (Kline, 2005).Transnational Corporations have in many ways exploited the weaknesses in the territorially guarded national laws. In many developing countries, organizations affiliated to external control have challenged and in some instances threatened government sovereignty. Economically stable countries such as the United States of America, have attempted to extend their influence to other countries of the world through TNC. This situation is what led to governments endorsing the non-interference policy in national political affairs (United Nations, 2003). Interesting to note is the role that non-governmental organizations played in this debate. Nongovernmental organizations have been known to not only exert political pressure on governments with little democratic space, but also collaborate with TNCs in this quest. (Heinrich, 2001). For example, many NGOs sort the active involvement of TNC in removal of the apartheid regime in South Africa. This in return, has created tension between these governments and the NGOs with the NGOs calling for the increased political involvement of the TNCs.

According to Article 14 of UN Norms, transnational corporations and other business enterprises are responsible for the environmental and

The economy today runs on an antiquated ritual of exploiting, plundering, devastation, and manipulation of land for material wealth, profiting the wealthy and condemning the poor. This mindset is no more sophisticated than feudalism, a system so bad it had to be outlawed along with witchcraft. The idea that exploitation of land is justified has brought plastics to the ocean and leveled rainforests. Large corporations have grown larger by manufacturing and production, depleting the planet’s resources in the process. Now, companies must make a combined effort to put the environment first, before profit. Because of their harmful practices, consumers have the right to know where products come from, how they’re made, and the impact on the environment. Furthermore, it is the responsibility of the large corporations to change their harmful practices, to make strides towards ending climate change and use clean, sustainable methods.

However, the author does not indicate enough information about it. On the negative side of MNCs, he mentions that MNCs can influence the policies of host countries which can lead to unsatisfactory attention to environmental standards; nonetheless, he does not introduce MNCs which deal with environmental problems. Some MNCs have taken responsibilities for the concerns of the environmental consequences of their actions abroad. For example, Shell, an oil corporation based in London, has started to follow programs of CSR (Matten 2012, 295). In 2001 the corporation has invested over 50$ million in health, education, agriculture, job creation and other fields in Nigeria where it accomplished drilling operations (Goulbourne 2003,10). Likewise, corporations like Toyota and H2O Africa deal with environmental problems. For instance, in order to decline CO2 emissions Toyota produces hybrid cars and electric vehicles (Matten 2012, 292). Cooperation of PepsiCo and H2O Africa, founded by Matt Damon, solves clean water scarcity in Senegal, Mali, Niger and in other countries of Africa (Matten 2012,

Current legal mechanisms of accountability fail to account for the fluid nature and power of influence that transnational corporations possess. Transnational Corporations are not static in nature and have tremendous economic and political influence over government policies. These factors result in a lack of due diligence for transnational corporations to uphold human rights. TNCs are economic and legal entities. In theory, TNCs are subject to the law of a country, to the jurisdiction of its courts, but often this is abandoned by the government of countries. TNCs have tremendous influence