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Lecture notes 3.4.3 Controlling MNC’s £7.49
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  2.  
  3. PEARSON (PEARSON)
  4.  
  5. Economics B
  6.  
  7. Unit 3 - The global economy

Lecture notes

Lecture notes 3.4.3 Controlling MNC’s
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These notes helped me get an A* in A Level Economics, covering all aspects of the specification, plus hints of real world context.

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  • June 15, 2023
  • 1
  • 2022/2023
  • Lecture notes
  • Paddingtion zinzombe
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  • 314 trade policy and trade negotiations 322

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3.4.3 Controlling MNC’s

 Factors to consider
o Political influence
 Regulation
 Ensure that the firm is being monitored on its actions
 Laws about waste or environmental damage
 Tariffs
 Quotas
 Subsidies
o Allow domestic firms to compete with MNC
o Legal control
 More effective in a developed country
 Government is less likely to be corrupt and will be a bigger influence
 Employee legislation
 Minimum wage

 Required breaks
 Maximum shift hours per day
o Pressure groups
 Independent 3rd parties which force MNC’s to do the right thing
 Greenpeace
o Protest
o Boycott
o Social media
 Facebook/Twitter enables us to live in an information age and encourages
consumer sovereignty
 Global reach
 Powerful way to raise awareness
o Self-regulation
 A firm monitors its own behaviour regarding ethical or legal standards.
 Act ethically to preserve reputation
 More effective if the laws are weak or missing
 Used mostly in developing countries
 Profit maximisation could harm this

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