In addition, they expect the suppliers in developing countries to produce quality products within a short time or precise delivery schedule (Maitland 120). This is a trend that has been observed with nearly all multinational corporations across the globe. Indeed, in recent years these companies have forgotten about manufacturing; instead, their focus is on marketing and product designing. The labor and human rights activists have criticized this contracting arrangement. They have argued that these corporations are exploiting workers and thereby promote international sweatshops. The critics have cited a number of areas of exploitation which makes them believe that the corporations contribute to difficult and dangerous environment for workers. For example, they have pointed out that the sweatshop workers work for very long hours but with minimal pay, albeit well defined laws on minimum wage and overtime pay. Moreover, the sweatshop workers might violate the child labor laws which are highly defined and outlined. On some occasions, sweatshops may promote hazardous situations and materials. In addition, in a sweatshop setup, the employer can choose to abuse the employees without easy ways for employees’ protection.These have prompted arguments on whether corporations have minimum obligations, at most merely complying with the host country laws, or further have negative obligations to respect human rights ...Show more
Today industrialized countries have favored contracting out of production to the suppliers in the third world countries.By doing this,the industrialized countries have contributed to international division of labor…
There are many multinational corporations in the world today. For instance coca cola, Barclays, shell, Guinness Breweries, DHL, IBM, MTN and others. The presence and establishment of MNC in developing countries has brought a lot of debates all over the world.
The manager has a variety of internal and external tools available to delay the cash disbursements and accelerate cash receipts to maintain a good cash flow. However, these tools are required to be applied intelligently. The importance of exchange rates and their role in the working of international financial markets is also very important.
Multinational corporations manufacture products in many countries and sell to consumers around the world. Money, technology and raw materials move ever more swiftly across national borders. Along with products and finances, ideas and cultures circulate more freely.
Over the last decade or so, there is this outcry against anything that falls within the category of 'multinational'. The very term denotes a firm that has a presence globally or rather one that would like to be known in more parts of the world than it is at the present point in time.
the ability to produce the goods and services at lower costs.
An example of Multinational Corporation is the Coca cola Company which is the largest beverage manufacturing company in the world. The company has been in existence since 1892 and manufactures, distributes and markets non-alcoholic beverages and syrups globally.
This standard would be very welcome for local workers in an international sweatshop but may be prohibitive for the international company and removes the incentive for setting up shop in a developing country. When that happens then the job opportunities for local workers are lost.
People appear reluctant to work and lively chatters and laughter are amiss. Everyone is looking down at their tasks like chicken thrown in their cages, pecking at the feed. As much as we can sympathize with people who suffer from the