Role Of Tnc In Globalization

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TNCs can have a powerful influence on both local economies and international relations. They continue to play an important role in globalization. It can be seen that TNCs have grown globally due to the competitiveness of international economies and the way in which they can produce and trade cheaply and easily. Often TNCs such as Nike, Dyson and Tesco have their headquarters of their corporations in MEDCs, for example Nike’s headquarters are based in Oregon, USA. They reason for this is that they are based in areas where they can hire skilled and educated workers. However, the bulk of their factories are usually located in NICs such as China, this is due to the incentive of cheaper production costs and a large cheap workforce. This can
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