508241
Description
Mind Map by Barack Obama, updated more than 1 year ago
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Created by Barack Obama
almost 11 years ago
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Transnational/multinational corporations
- Advantages
- More work is created, hence
unemployement decreases.
- The economy benefits and the
country flourishes.
- The economy benefits and the
country flourishes.
- Workforce receives a
guaranteed income
- Workforce feels that they can trust
their company and will not strike,
hence work will get done.
- Workforce feels that they can trust
their company and will not strike,
hence work will get done.
- Improvements in roads,
airports and surfaces.
- Because of these improvements made for the roads, airports
transportation is easily facilitated, so goods are easily
transported to the places in which they are needed.
- Because of these improvements made for the roads, airports
transportation is easily facilitated, so goods are easily
transported to the places in which they are needed.
- Improve the levels of
education and the technical
skills
- Because the levels of education and skills are
improved, workers become more eligible for
jobs, so the unemployment level decreases.
- Because the levels of education and skills are
improved, workers become more eligible for
jobs, so the unemployment level decreases.
- Brings foreign currency
and welcomes investment
- Country makes profit
- Country makes profit
- Companies provide :
expensive machinery and
modern technology
- Development of mineral
wealth and new energy
technology
- Because this development has
occurred more industries are able to use
high tech machinery in order to make
the levels of production more efficient.
- Because this development has
occurred more industries are able to use
high tech machinery in order to make
the levels of production more efficient.
- Prestige value
- The value of the
products made
increase as they
become more
prestigious.
- The value of the
products made
increase as they
become more
prestigious.
- Widens economic
base of country
- This means that the economy in the country becomes more
developed and it improves due to the fact that the base has been
widened immensely.
- This means that the economy in the country becomes more
developed and it improves due to the fact that the base has been
widened immensely.
- More work is created, hence
unemployement decreases.
- Disadvantages
- The numbers that are employed are
low compared to the investments put
into the companies employing
- They are underusing the money spent, so they
are losing out on the amount of production
which could be made for a certain product.
- They are underusing the money spent, so they
are losing out on the amount of production
which could be made for a certain product.
- Unskilled workers
are employed
- This means that the economy
in the country becomes more
developed and it improves due
to the fact that the base has
been widened immensely.
- This means that the economy
in the country becomes more
developed and it improves due
to the fact that the base has
been widened immensely.
- Profits are
normally spent
overseas
- Because the profits are spent overseas
the money will not have been invested
in the country and hence the country
will lose out on money which could
have helped boost their economy.
- Because the profits are spent overseas
the money will not have been invested
in the country and hence the country
will lose out on money which could
have helped boost their economy.
- Mechanisation takes
over the labour force
- This means that more and more people will
become unemployed, hence the level of
employment will decrease. Sending the
countries economy into decline.
- This means that more and more people will
become unemployed, hence the level of
employment will decrease. Sending the
countries economy into decline.
- Money could be spent on
better things.
- Such as housing, education, hospitals
and debts. Which would lead to a
better country and a better economy.
- Such as housing, education, hospitals
and debts. Which would lead to a
better country and a better economy.
- GDP grows slower
- Increasing the difference
between developing and
developed countries
- Increasing the difference
between developing and
developed countries
- Local workers usually
very poorly paid
- Local workers may resent the fact that they are poorly paid
and may strike or refuse to work. This also means that they
will not have enough money or income to buy the products
being sold. Hence the companies will not be earning as
much money as they need and the country might have
problems.
- Local workers may resent the fact that they are poorly paid
and may strike or refuse to work. This also means that they
will not have enough money or income to buy the products
being sold. Hence the companies will not be earning as
much money as they need and the country might have
problems.
- Decisions made outside
country so firm could pull out
any minute
- They are underusing the money
spent, so they are losing out on the
amount of production which could be
made for a certain product.
- They are underusing the money
spent, so they are losing out on the
amount of production which could be
made for a certain product.
- Minerals used normally
exported not manufactured
- energy costs
may lead to a
national debt
- energy costs
may lead to a
national debt
- The numbers that are employed are
low compared to the investments put
into the companies employing
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