Counteracting economic control by transnational corporations
Synonyms: Dismantling corporate rule
Context: Most of the foreign direct investment (two thirds according to the United Nations) in both privileged and underprivileged countries consists of transnational corporations (TNCs) taking over national enterprises, which most typically results in the destruction of jobs. Also, TNCs never come alone with their money: they bring foreign products into the country, sweeping great numbers of local firms and farms out of the market, or forcing them to produce under even more inhuman conditions. Foreign investment can also provoke the unsustainable exploitation of natural resources, which results in the irretrievable dispossession of the livelihoods of diverse communities of indigenous peoples, farmers, ethnic groups etc.
Subjects: Business enterprisesMultinationalsLaw ControlEconomic
Type Classification: F: Exceptional strategies