transnational corporations (TNCs)

Transnational corporations (TNCs) are large companies that operate in multiple countries around the world. They produce goods or offer services in various locations, often with a centralized management system. TNCs can influence economies, cultures, and employment across borders, as they harness resources, labor, and markets globally. Examples include companies like Apple, Toyota, and Unilever. They play a significant role in globalization, shaping international trade and investment patterns. While they create jobs and technological advances, they also face scrutiny for environmental impact, working conditions, and economic influence in the countries where they operate.