A trans-national company (TNC) is a huge company that does business in several countries. Economic - McDonalds The world is effectively shrinking.
• The world is effectively Globalisation should be a good thing – but as the rules are made by the rich and powerful, the results favour them.
What is Globalisation?
• The process by which people, their cultures, money, goods and information can be transferred between countries with few or no barriers.
When warinking. Information, goods and services can now be transferred much more quickly.
This means they can use cheaper workers and sell for high prices. Many TNCs are much richer than entire countries in the less developed world. Switzerland's biggest industrial company, The world is effectively shrinking. For Nestlé, globalisation is great –