To be able to discuss the above questions, it is necessary to understand what is meant by transnational corporations (TNCs). TNCs are generally characterised as a company that have modes of operation in two or more countries across the globe. Dicken (1992) gave a more definitive characterization, "TNCs maximise the comparative advantage between countries, profiting from the differences in factor endowments, wage rates, market conditions and the political and fiscal regimes." On a more basic level, …showed first 75 words of 1679 total…

…showed last 75 words of 1679 total…so many, there is increased amounts of competition, which is always good for economies. Bibliography Kennedy, P and Cohen, R (2000): 'Global Sociology', Macmillan Press LTD, London Giddens, A (1997): Sociology, Polity Press, Oxford. Bilton, T et al, (1996): Introductory Sociology, Macmillan Press Limited, London http://www.enron.com http://www.guardian.co.uk/ http://www.opendemocracy.net/globalisation/index.jsp http://www-cs-students.stanford.edu/~cale/cs201/apartheid.hist.html http://www.guardian.co.uk/country/article/0,2763,181096,00.html