Topic > Transnational Corporation (TNC) Networks - 1617

The term transnational corporation (TNC), as the name suggests, is a reference to a company whose influence is not limited to a single nation. “A transnational corporation is an enterprise that has the power to coordinate and control operations in more than one country” (Dicken, 2011, p. 110). This influence can take many forms, such as subsidiaries or manufacturing facilities in other countries, but ownership is not mandatory for a company to have influence in another country. A multinational could gain power in a country other than its home country through connections with suppliers or through the act of outsourcing (Stevis, Transnational Corporations, 2013). These connections also suggest an idea, suggested by Dicken, that in many ways multinationals are “Networks within networks”. Specifically, Dicken writes that multinational corporations are “structured through myriad relationships, transactions, exchanges, and complex interactions” (Dicken, 2011, p. 121). These networks, as suggested above, can be both internal and external in nature, and occur both with entities owned directly by the TNC and with external suppliers and companies; furthermore, they are not limited to a specific GPN (Stevis, TNCs as “Networks Within Networks,” 2013). Multinational corporations are seen by many as forces of both globalization and globalization; this perspective seems to be accurate and the impacts that multinationals can, and have, are an example of this. Fundamentally, many multinational corporations are formed by exploiting global business trends. From outsourcing labor-intensive manufacturing to better-wage countries to establishing a new research and development facility in a highly educated region of another country, such actions taken by multinationals enhance the global nature of WPE by helping to build .... .. middle of paper ...... Colorado, especially providing a beneficial regulatory system. Numerous local states directly dispute this support for natural gas in their areas. After Longmont passed the hydrofracturing ban, “Gov. John W. Hickenlooper, a Democrat, warned Longmont residents that the ban would likely mean a lawsuit from the state” (Healy, 2012). During the 2013 election, several other cities, including Fort Collins and Boulder, passed moratoriums against fracking (Gold, 2013). This shows that companies thinking of moving to Colorado, or who already exist in Colorado, may find that states' reports can differ greatly towards them. Depending on the company's GPN, the type of states involved, and the administration's current goals, a multinational corporation may see a very synergistic welcome in Colorado, or feel antagonized and unwelcome..