Compare transnational corporations (TNCs) with traditional corporations. What kind of contribution do TNCs make to globalization?

Transnational corporations (TNCs) differ from traditional corporations in several key ways. TNCs operate in multiple countries and have a global presence, while traditional corporations typically operate within the borders of a single country. TNCs also have a more complex organizational structure, with subsidiaries and affiliates in various countries, and they often have a larger and more diverse workforce.

TNCs make significant contributions to globalization by driving international trade and investment, transferring technology and knowledge across borders, and creating global supply chains. They also play a major role in shaping global economic policies and regulations, and they often have a significant impact on the social and environmental practices of the countries in which they operate.

Overall, TNCs have a major influence on the interconnectedness of the global economy and the flow of goods, services, and capital across borders. While they have been criticized for their impact on local economies and cultures, TNCs also bring opportunities for economic development, job creation, and the transfer of skills and knowledge.