What Is a Transnational Corporation? What Can a Transnational Corporation

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The Answer is Transnational corporations (TNCs) are a part of the global economy. These firms purposefully transcend national borders so that their products can be manufactured, distributed, marketed, and sold from a myriad of bases all over the world. Because TNCs can take advantage of cheap labor pools by either relocating their own factories or outsourcing, nations vie for their investment. Nations compete with one another by undercutting their citizens' wages and offering incentives such as tax-free zones, a process often called the "race to the bottom."

What Is a Transnational Corporation? What Can a Transnational Corporation

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