Module 10 of 13 · Text
TNC and Quality of Life in Malaysia
- TNC's = Trans National Corporations
- Companies that are located or produce products in more than one country (e.g. Panasonic)
- Located in poorer countries as labour is cheaper and there are fewer environmental regulations, increasing profit
- Improve development through passing on skills to the people there
- Offices and headquarters are located in richer countries
- Advantages:
- Create jobs
- Poorer countries get more reliable income
- Spend money to improve local infrastructure
- New technology and skill are passed on to the workers
- Disadvantages:
- Employees in the poorer countries may be paid less
- Have to work longer hours in poor conditions
- Profits go back to the developed country
- Jobs created aren't secure
- Have little breaks and no toilet breaks