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Why is the TNC important to the global economy?
Dicken (1992) argues that the TNC is the single most important force in creating global shifts in economic activity. Ever since the 1950s, world trade has grown significantly faster than world production. The TNCs are responsible for an important chunk of world employment, production and trade.
What are the benefits and disadvantages of TNCs?
TNCs seems to produce a lot of benefits, however there are also disadvantages. The impact of TNCs to between home nation and host country is also different because they concentrate in distinguish determinant (Costea at el, 2011; Dicken, 2007; Rice, 1979).
Are there a lot of TNCs in the world?
In addition, there are a lot of TNCs from around the world which currently operated in host countries and in their countries of origin (United Nation, 2006). TNCs seems to produce a lot of benefits, however there are also disadvantages.
What does TNCs stand for in Business category?
United Nation (2012) defines TNCs as the business activities which in more than one country by the consistent policy and joint tactics. In addition, the main propose and reason that the firms improve its status to be as TNCs is because they have a very strong economic status in the domestic market.
Last Update: Oct 2021
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