Explain the View of Multinational Corporations from a Functionalist and Conflict

question 33

Essay

Explain the view of multinational corporations from a functionalist and conflict perspective.How do they differ?

Understand the key theories explaining global inequality and development, such as world systems theory, dependency theory, and modernization theory.

Recognize the distinction and functions of core, semi-peripheral, and peripheral nations in the global economy.

Comprehend the concepts of globalization, globality, and their impacts on nation-states and individual merit.

Understand the role and criticisms of the International Labour Organization (ILO) in shaping global labor standards.

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Definitions:

Collateral

refers to assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default.

Tangibles

Physical assets that can be touched and seen, such as machinery, buildings, and land, as opposed to intangible assets like stocks or patents.

Set Off

A legal defense that allows a debtor to counterbalance a claim from a creditor with a claim of their own against the creditor.

Solvent

The state of being able to meet all financial obligations as they come due.