This website uses cookies to ensure you have the best experience. Learn more

Multinationals Essay

2087 words - 9 pages

Page 1 of 5

Multinational Companies Essay, Research Paper Multinational Companies: Multinational Companies Essay, Research Paper Multinational Companies: Out for Profit Without Regard for Life

What a company usually wants for its business is for it to be an successful establishment and to make an abundance of profit. Some businesses do not pose any concern on what they have to do to make this profit as long as it done. Multinational companies are firms with their home base in one country and operations in many other nations. (Molyeux, 133). Most of these very immense firms establish in third word countries were they can manufacture the same identical product for very low costs compared ...view middle of the document...

These multinationals exploit the people of these countries as well as their land by the practice of slave labour in both China and the Dominican Republic, as well as many other Third World countries. Other multinational companies prey on innocent mothers promoting infant formula which ends up in advertently killing millions of infants each year.

In the third world, around ninety percent of the people lack sufficient resources, education, and ultimately money. In the West, on the other hand, we have an abundance of resources at our disposal, good educational systems, and a significantly higher average income than the Third World. The higher income allows

Page 2 of 5

us to have these resources at our disposal, as well as the good education systems. Along with this capital comes power held in the hands of the multinational companies which has an adverse effect on many Third World communities.

The Dominican Republic is one of the poorest nations of the word, with an average annual income of just over one thousand dollars per year (Hilsum, 1). Most of these people can barely afford the necessities of life such as food, clean water, and shelter. These somewhat degrading conditions are a perfect dwelling for a multinational company such as Gulf and western to "set up shop". Almost fifty percent of the Dominicans export is sugar; on third of that sugar is from Gulf and Western. The locals have a name for this company, El Pulpo, meaning octopus (Hilsum, 1). When a company's own employees to be calling it an ?octopus', meaning that the companies control everything such as resources and most of the land of the country, something has to be blatantly wrong. The main reason for this is that since G&W has come into the Dominican Republic, they have bought out much of the land for sugar cultivation and cattle ranching. Now, almost seventy-five percent of peasants are without land (Hilsum, 1). This presents an overwhelming problem for the peasants; how will they eat? Before G&W came into the Dominican Republic, most of the people relied on subsidence farming for their food. Since G&W settled in the country, they have been consuming valuable land that could be used for food cultivation. Because of this, many Dominicans perished. This argument has been brought to G&W, but they allege that they are helping the people by giving them jobs in the sugar cane fields.

This notion of giving the peasants jobs in the fields is merely an excuse that many multinational companies use for their actions. How can a company claim to be helping people when they only pay them about two dollars a day? (Newsday, 1) The labourers in the sugar cane fields are treated like slaves, many times unable to keep possessions, and often they are cheated out of remuneration. This is all coming from the "respected" companies that most of us in the west support diligently. These same companies are exploiting the land and the people of the country, all in the name of profit. Since...

Other Papers Like Multinationals

Emerging Markets Overview Essay

664 words - 3 pages multinationals are operating in emerging economies and expect growth of their operations by 70% in these business areas. China and India represent the biggest potential future growth. However taking these huge opportunities means accepting significant challenges. Businesses entering emerging countries can’t succeed by simply using same business models, same products, prices and services suitable for developed markets. That is why companies have to use

Student Research Essay

308 words - 2 pages influence cultural ideals through advertising, but don’t think it is unethical to promote products based on cultural norms as long as they are effective, and they do not denigrate people. I think it would be very difficult to successfully enter a market and have growing profits if a company is offering products that do not abide to their cultural norms. In fact, many multinationals offer different products based on cultural preferences. For

The E.U. Tax Clampdown

844 words - 4 pages on tax evasion on the multinationals has resulted to lose of billions in Euros by the members states and is known to be the main cause of the historic LuxLeaks scandals. The available international business policies were neglected in to the advantage of the existing regime and member state without having in mind the negative effects imparted to the other member states. The secret deals revealed indicates that big companies with the inclusion of

Describe Some Of The Positive And Negative Roles Played By Multinational Corporations (MNC's) In The Contemporary World Economy?

1697 words - 7 pages nature. Logically they establish subsidiaries in countries where conditions are most favorable to their business operations.Very large multinationals have budgets that exceed those of many countries. Countries often offer incentive to MNC, such as tax breaks or lax environmental standards, in order to attract MNC into their country. They can be seen as a power in global politics.MNC's are important vehicle for the movement of direct foreign

Multinational Corporations and Moral Obligations

1481 words - 6 pages competitive international environment cannot be said to have a moral obligation to contribute to the international common good, provided that interactions are non-repetitive and provided effective signals of agent reliability are not possible. Examples of international common goods that meet these conditions are support of the global ozone layer and avoidance of the global greenhouse effect. Pointing out the conclusion that multinationals have no

Test Bank

1443 words - 6 pages CHAPTER 1 Introduction EASY (definitional) 1.1 Historically, the primary motive for U.S. multinationals to produce abroad has been to a) Lower costs b) Respond more quickly to the marketplace c) Avoid trade barriers d) Gain tax benefits Ans: b Section: Evolution of Multinational Level: Easy 1.2 The primary objective of the multinational corporation is to a) Maximize shareholder wealth b) Maximize world production c) Minimize

Multinational Companies

2073 words - 9 pages of profit. These multinationals exploit the people of these countries as well as their land by the practice of slave labour in both China and the Dominican Republic, as well as many other Third World countries. Other multinational companies prey on innocent mothers promoting infant formula which ends up in advertently killing millions of infants each year.         In the third world, around ninety percent of the people lack sufficient


1361 words - 6 pages turnover of US$10bn. Turkey is ranked 7th largest market in Europe and 14th in the world. Turkish pharmaceutical industry is mainly centred on the production of non-innovative drugs including antibiotics, anti-rheumatics and analgesics, but also provides contract manufacturing services for multinationals. Turkey is branded generic market. It is a hybrid type of branded generics, with some aspects of company branding, and some aspects of non-branded

Apple Globalization

1173 words - 5 pages , they live in 12 x 12 rooms with 15 beds. If apple manufactures an iPhone in the US it would cost $73 dollars, in China is $8. Their average gross margin is about 40% in a selling price of $600, it means Apple saves near to $250. III. Apple as part of the Globalization process A. Benefits of outsourcing Apple, as many multinationals nowadays, outsource a part of its production to foreign countries as China. The main reason is obviously

Developing Countries vs Developed Countries

1797 words - 8 pages countries is far better than that in under developed countries. But the trend is changing now as FDI is increasing in developing nations too and the major reason behind this is that multinationals want to take advantage of low cost factors of production that are available in developing countries. Cost benefits associated with labor are the most significant benefits that are attracting global businesses towards developing nations. In addition to labor

Bangladesh’s Growing Pharmaceutical Sector

700 words - 3 pages Bangladesh’s growing pharmaceutical sector The export value of pharmaceuticals is growing at a reasonable rate every year. Exports increased from $8.2 million in 2004 to $28.3 million in 2007 and posted further gains last year. Export destinations are also increasing in number. Beginning in the 1950s, when a few multinationals and local entrepreneurs set up manufacturing facilities in the then East Pakistan, now over 200 companies produce now

Related Essays

Corporate Responsability With Multinationals Essay

586 words - 3 pages Topic B: Corporate Social Responsibility Towards Workers and Communities Multinational corporations have installed themselves in Latin American since the 1990s, causing a great deal of issues for governments and workers. Most countries that have opened themselves to foreign investment have been forced to deal with threats to basic civil rights. Workers have been exploited by these multinational giants, often punished unjustly for doing what they

Globalization: Opportunities And Risks For Developing Countries!

541 words - 3 pages when thinking about globalization.Opportunities of rising income similar to higher living standards are the benefits that people in the world can get from globalization. Firstly, taking part in this worldwide trade offers companies great numbers of chances to improve their business. For example, Chambers of Commerce can increase their country's trade by signing contracts with multinationals. Consequently, wide open markets are given to help them

Globalization Essay

1919 words - 8 pages simply becoming world-wide or making it world-wide. It exists at a lot of places in different sizes. Globalization is to create a good world economy. This could be done by big multinational companies. The reason why I mention the multinationals is because of the influence that they (can) have on the economy worldwide. After all, the world trade plays the biggest part in it. However globalization and the free world trade don’t automatically mean

Google Essay

477 words - 2 pages large multinationals with varied far-flung operations in all parts of the global market. Of type importance is the need to remain responsive to local markets, while at the same time achieving global efficiency through integrating and coordinating operations across planet markets and allow for the move of learning from operations in one part of the globe to another. For big multinationals with skill in plying global waters, this orientation