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Saturday, May 8, 2010

The Unseen World of Transnational Corporations’ Powers https://www.neumann.edu/academics/divisions/business/journal/Review_SP06/pdf/transnational_corporations.pdf

The prevailing method of creating and sustaining economic growth in today’s global environment is thought to be through the exercise of free-market principles. TNCs, on the surface, are fierce advocates of the free-market system because it contests the regulation of market activities by governments, promotes the idea of free trade and evokes a positive connotation with its professed relationship to the spread of democracy.

TNCs, under the pretense of exemplifying the benefits of the free market system, have amassed considerable influence in the global society, which has resulted in the decline of democracy, the exploitation of “third world” countries, and the devastation of the natural world.

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