Company That I ✓ Solved

Company That I

Please answer this question in two paragraphs. QUESTION A company that is heavily engaged in international trade, beyond exporting and importing, is called a multinational corporation. Review the information about multinational corporations in section 5-2 of your text. Describe the products you buy that are manufactured by multinational corporations. How many of them are not made in this country? (Check labels or packaging to see where they were made.) Do you think this is a good situation? Why or why not?

Respond to 2 other students' answers, one paragraph each.

Sample Paper For Above instruction

As a consumer living in the United States, many of the products I purchase daily are manufactured by multinational corporations. Examples include electronic devices like smartphones and laptops, clothing brands, and packaged foods that often have labels indicating they were produced in countries such as China, Vietnam, or Mexico. According to recent surveys, a significant portion of goods sold in the U.S. are imported from these nations, highlighting the extensive involvement of multinational corporations in global supply chains. This interconnected manufacturing process allows companies to reduce costs and increase profits, but it also raises questions about the economic benefits domestically and the labor standards in countries where the products are made. While this situation supports affordable prices and variety for consumers, it can also diminish domestic manufacturing jobs and weaken local economies.

From an economic and ethical perspective, the predominance of foreign-made products presents both advantages and disadvantages. On one hand, consumers benefit from lower prices and a broader selection of goods, which can increase overall living standards. On the other hand, reliance on international manufacturing can lead to the decline of local industries and job opportunities, creating economic vulnerabilities. Furthermore, issues surrounding fair labor practices and environmental standards in developing countries raise ethical concerns. It is essential for consumers and policymakers to strike a balance by supporting fair trade initiatives, promoting domestic manufacturing, and ensuring that global supply chains adhere to ethical standards. Ultimately, the dependence on multinational corporations underscores the importance of conscious consumer choices and responsible corporate practices for sustainable economic development.

References

• Barlett, C. A., & Ghoshal, S. (2002). Managing across borders: The transnational solution. Harvard Business School Press.
• Dunning, J. H. (1993). Multinational enterprises and the global economy. Addison Wesley.
• Gereffi, G. (2018). Global value chains and development: Redefining the contours of 21st-century capitalism. Cambridge University Press.
• Friedman, T. L. (2005). The world is flat: A brief history of the twenty-first century. Farrar, Straus and Giroux.
• Hollensen, S. (2015). Global marketing. Pearson Education.
• Cavusgil, S. T., Knight, G., Riesenberger, J. R., Rammal, H. G., & Rose, E. L. (2014). International business. Pearson Australia.
• Knutsen, W. L. (2014). Strategies for conducting international business research. Journal of International Business Studies, 45(4), 457-471.
• United Nations Conference on Trade and Development (UNCTAD). (2020). World investment report. UNCTAD.
• World Trade Organization (WTO). (2018). World trade report. WTO Publications.
• Stiglitz, J. E. (2002). Globalization and its discontents. W. W. Norton & Company.