What is a TNC?
The FreeLegalDictionary.com states that a TNCs is "Any corporation that is registered and operates in more than one country at a time; also called a multinational corporation."
A transnational corporation is a corporation that has its headquarters in one country and operates wholly or partially owned secondary offices/stores in one or more other countries. These 'subsidiaries' report to the central headquarters. The growth in the number and size of transnational corporations since the 1950s has generated controversy because of their economic and political power as well as their mobility and complexity of the operations they are responsible for.
Examples of TNCs (or transnational corporations) are: Coca-Cola, Google, Nike, McDonalds and many, many more.
A transnational corporation is a corporation that has its headquarters in one country and operates wholly or partially owned secondary offices/stores in one or more other countries. These 'subsidiaries' report to the central headquarters. The growth in the number and size of transnational corporations since the 1950s has generated controversy because of their economic and political power as well as their mobility and complexity of the operations they are responsible for.
Examples of TNCs (or transnational corporations) are: Coca-Cola, Google, Nike, McDonalds and many, many more.
What is Globalisation?
Globalisation can be defined in many various and different clarifications.
The FreeLegalDictionary.com states that Globalisation is:
1) the process enabling financial and investment markets to operate internationally, largely as a result of deregulation and improved communications.
2) (much simpler) the process by which a company, etc., expands to operate internationally.
The term can refer to the transnational circulation of ideas, languages, Companies or popular culture through acculturation. An aspect of the world which has gone through the process can be said to be globalized.
The FreeLegalDictionary.com states that Globalisation is:
1) the process enabling financial and investment markets to operate internationally, largely as a result of deregulation and improved communications.
2) (much simpler) the process by which a company, etc., expands to operate internationally.
The term can refer to the transnational circulation of ideas, languages, Companies or popular culture through acculturation. An aspect of the world which has gone through the process can be said to be globalized.