Embrace Transnational Corporations

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Social Studies – 10 Essay

“To what extent should we embrace transnational corporations into the world economy?”

Transnational corporations should be embraced when it comes to the economy because they provide many opportunities of education, employment and social exchange. Although there are examples that workers in less developed countries (China, Africa, Jamaica, etc.) that are denied many basic rights and paid a very low income, the amount money workers receive are outstandingly low compared to a worker in a developed country.

Transnational corporations include a variety of cultural exchange, which is an example of social globalization. Cultural exchange is very important because it involves different people to connect, share ideas and experience new technology that may have not been easily accessible to the public if not for transnational corporations and their mass production. A very good example of exchanging ideas and information is HarperCollins, a transnational book corporation. They publish many different genres of books and share them in a way that allows the public to explore and experience …show more content…

If the public receives more opportunities to have a job, they gain knowledge to pay taxes which then in return helps to promote quality of life, this also helps educate them by teaching them life skills and traits that will help develop themselves individually later on. One example of this is McDonalds. McDonalds is a known transnational corporation because people all over the world know McDonalds as a fast food industry. In fact, there are over 33,000 McDonald’s chain restaurants worldwide. With this many restaurants, this means that McDonalds employs more than 1.7 million people all over the world, which also means a higher standard of education. This is extremely beneficial for people looking for employment who need income to support

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