Impact of MNCs on the Local Economy (Edexcel A-Level Business): Flashcards
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MNC meaning
MNC meaning
Multinational company operating in multiple countries
Jobs created by Tenneco-Walker in South Wales (2014)
Jobs created by Tenneco-Walker in South Wales (2014)
220 local jobs
Key employment benefits MNCs offer
Key employment benefits MNCs offer
Full-time work, training, regular income, career progression
Effect of MNCs on local wage levels
Effect of MNCs on local wage levels
Drive up wages through increased competition for workers
Human capital definition
Human capital definition
Skills, knowledge and capabilities of the workforce
Multiplier effect of MNC employment
Multiplier effect of MNC employment
Workers spend wages locally, benefiting retail & services
How MNCs disrupt local labour markets
How MNCs disrupt local labour markets
Attract workers away by offering superior wages/conditions
Infrastructure meaning
Infrastructure meaning
Basic physical systems: roads, utilities, public services
How MNCs contribute to local government revenue
How MNCs contribute to local government revenue
Through business rates and similar payments
Panasonic Vietnam factory employees (2014)
Panasonic Vietnam factory employees (2014)
670 people