Transnational Corporations

November 6, 2006 at 2:10 am Leave a comment

” Corporations have been enthroned
An era of corruption in high places will follow and
the money power will endeavor to prolong its reign by working on
the prejudices of the people . . until wealth is aggregated in a few hands
. . . and the Republic is destroyed.”
[Abraham Lincoln]

My research was done on Transnational Corporations. I hope you wil enjoy reading this notes, and remember some of important facts.

Transnational corporations are among the world’s biggest economic institutions. A rough estimate suggests that the 300 largest TNCs own or control at least one-quarter of the entire world’s productive assets, worth about US$5 trillion.

Technical definitions of “transnational corporation” means a for-profit enterprise marked by two basic characteristics: 1) it engages in enough business activities – including sales, distribution, extraction, manufacturing, research and development – outside the country of origin so that it is dependent financially on operations in two or more countries; 2) and its management decisions are made based on regional or global alternatives.

A TNC can be a “public” corporation, which trades its shares of stock at stock exchanges or brokerage houses; the buyers from the public are “shareholders,” and can include individuals as well as institutions such as banks, insurance companies, and pension funds. Or a TNC can be “private,” meaning that it does not have shares which are traded publicly; such firms are frequently family-controlled.

The earliest historical origins of transnational corporations can be traced to the major colonizing and imperialist ventures from Western Europe, which began in the 16th century. The transnational corporation as it is known today, however, did not really appear until the 19th century, with the advent of industrial capitalism and its consequences. Major technological advances in shipping, transport (especially by air), computerization, and communications accelerated TNC’s increasing internationalization of investment and trade, while new advertising capabilities helped TNC’s expand market shares

The media also have become global phenomena that transcend national boundaries, making them the ideal subject for a transnational research effort. The media are changing fast, not just technologically but in scale and organizations, posing problems for analysis and policy alike. The role of PR is crucial to get the right message across in this era of mass communications. It can help harness the power of broadcast and press- and steer clear of a crisis. Transnational corporations are major global actors, many larger than most nation states. The evolution of their organizational structures and of relevant national and international law is reviewed briefly. Corporate responses to such demands for good global citizenship are assessed, together with the growth of social and ethical investment criteria among shareholders, mutual funds, and pension asset managers.

www.globalpolicy.org/socecon/tncs/index.htm

This source shows the new globalized world; keeps track of the argument: how much power do TNCs have. What are the areas where they exercise their power, and, most importantly, how can citizens gain democratic control over these institutions.

www.hartford-hwp.com/archives

This page link you to historical evaluation of TNS

www1.umn.edu/humanrts/links/norms-Aug2003.htm

This website includes norms on the responsibility of TNC with regard to human rights.

http://www.financialsense.com/fsu/editorials/gnazzo/2006/0209.html

In that source you can find the recent quantum leap in the ability of transnational corporations to transnational corporations as are the dominant players in the creation of new World Order.

Elizabeth Dmytr

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Entry filed under: Uncategorized.

High-Definition Television and Digital Radio PR – A Management Function

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