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Multinational corporation (MNC)
a business that is registered in one country but has manufacturing, operations and outlets in different countries e.g. starbucks HQ is in Washington, USA but has 32,000 in 80 countries
impact of MNCs on the local economy
increase in jobs
good wages and improved quality of life
more local businesses involved e.g. construction of factories
may provide additional infrastructure e.g. schools, hospitals, local amenities etc
impac tof MNCs on the national economy
FDI flows
balance of payments
technology and skills transfer
consumers have increased choice
business culture
tax revenues and transfer pricing
business ethics
