Starter quiz
- What does TNC stand for?
- Transnational Corporation ✓
- Tree Nature Community
- Third Natural Cooperation
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- What is a transnational corporation (TNC)?
- A company that operates only within one country
- A local family-run business
- A company that operates in multiple countries around the world ✓
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- Which of the following is an example of a transnational corporation?
- A small local book shop
- McDonald’s ✓
- A local farm shop
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- Which of these is an example of a global transport route?
- A road connecting two villages
- The shipping routes between Asia and Europe ✓
- A railway line inside one country
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- What is a disadvantage of globalisation?
- More cultural understanding
- Better quality products
- Exploitation of workers and environmental damage ✓
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- Which of the following is an effect of globalisation?
- Increased cultural exchange and sharing ✓
- Local cultures disappearing completely
- More isolated communities
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Exit quiz
- What is one of the advantages of TNCs in LICs?
- Job creation and economic growth ✓
- Reduced cultural exchange
- More pollution in the environment
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- Which of the following is a disadvantage of TNCs?
- Exploitation of workers and environmental damage ✓
- Better wages for local workers
- Increased access to technology
- Increased local competition
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- What does standard of living mean?
- The level of necessities and comforts of daily life available to a person ✓
- The general well-being of individuals and societies
- Individuals lack financial resources and access to basic services
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- How could a TNC setting up a new factory improve living standards?
- Increased employment
- Multiplier effect
- Increased tax revenue
- All of the above ✓
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Worksheet
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Video
Lesson Details
Key learning points
- Transnational companies can bring benefits and disavantages to countries.
- Benefits from TNCs include the creation of jobs, new trade markets and better education to produce skilled workers.
- Disadvantages of TNCs can include exploitation of the host country, poor treatment of workers and environmental damage.
Common misconception
Living standards and quality of life are the same.
Living standards are about the the level of necessities and comforts of daily life that is available to and affordable by a person.
Keywords
Infrastructure - all the basic systems in a country, such as transport and power supply
Host country - the new country which the TNC has set up a new factory, office or shop in
Standard of living - the level of necessities and comforts of daily life that is available to and affordable by a person
Multiplier effect - More people have jobs so have more money to spend, giving other businesses more money so they expand and employ more workers
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