Tn Cs

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TNCs, or transnational corporations, are firms that coordinate operations across multiple countries even if they do not own subsidiaries in those countries. The document discusses that 51 of the top 100 economies are corporations, and some TNCs have revenues greater than some countries' GDPs. There are over 63,000 TNCs worldwide with over 690,000 foreign affiliates. The advantages of TNCs include job creation and economic multiplier effects. However, the disadvantages include potential exploitation of workers through sweatshops, union busting, low wages, and lack of benefits and protections.

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At first blush, transnational law’s engagement with TNCs reflects the situational and ad hoc approach of the transnational law project. Transnational law tends to focus on the TNC as an actor apart, like the state, within transnational law situational processes. Like the state, TNCs are governance singularities into which law can be poured, extracting coherent action. It moves the TNC from the construction of a category to consequential instrumentalism But is this relationship between TNCs and transnational law construct TNCs too restrictively? Does it fail to describe the reality of TNCs (the problem of definition)? Should we consider TNCs as a transnational legal order in its own right (the systems issue)? Should we consider TNCs instead as the constitution of production chains (the conflation issue)? Presented at “Jessup’s Bold Proposal: Engagements with 'Transnational Law’ after Sixty Years” Transnational Law Institute, The Dickson Poon School of Law, King’s College, London, Friday-Saturday 1-2 July 2016

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193 9The 21st Century and the Changing Face of Unions Carlow Osorio/Associated Press Learning Objectives After completing this chapter, you should be able to: • Analyze the impact globalization and transnational corporations have on the power of unions. • Describe the major changes in attitudes toward labor. • Evaluate some of the alternatives open to labor organizations if they are to survive in the 21st century. sea81813_09_c09_193-210.indd 193 12/10/14 3:13 PM Section 9.1 Globalization Introduction When considering the future of unions, one of the most important questions to ask is whether they will survive in the 21st century. We have seen that union membership is not what it once was. Private unions have seen a drop from an all-time high in 1954 of 34.8% to today’s low, which is nearing 6.7% (DeSilver, 2014). Although public unions grew stron- ger in the late 20th century, their numbers are declining as well. Many factors are working against these organizations, and if they are to survive, it will require that they make signifi- cant changes. This chapter will explore some of the most salient reasons for this decline, as well as possible ways that labor organizations might be configured in the future. 9.1 Globalization Globalization refers to the way in which business is no longer confined within a particu- lar country, but rather takes place across boundaries, time zones, cultures, and borders. It describes the expansion of a business outside its home or domestic country to other countries, be it in trade, finance, or investments, such that the business is dependent financially on operations in two or more countries (Greer & Singh, 2000). The global expansion of business has had many effects on labor. This section will explore some of those consequences, includ- ing how globalization makes organizing labor more difficult and the impact of treaties on labor, global unions, and collective bargaining. Globalization and Transnational Corporations One of the primary reasons that unions must change is because the world itself is changing. Perhaps the biggest shift underway is the transition from local domestic business to business conducted by global enterprises. Companies that conduct business in just one country are referred to as domestic corporations. Companies that conduct business in multiple countries are transnational corporations (TNCs). Transnational corporations are usually characterized by the breadth of their reach into other markets, the size of their workforce, and the value of their assets. Consider the Ameri- can corporation Walmart, which is the largest employer in the world. Walmart has 2.2 mil- lion workers worldwide and 11,000 stores in 27 countries (Walmart, 2014), with assets of $59.69 billion (Wikinvest, 2014). The “universe of transnationals is large, diverse, and expanding. By the early 1990s there were an estimated 37,000 TNCs in the world with 170,000 foreign affiliates..

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Tn Cs

1. What is a TNC? What are the advantages and disadvantages of TNCs? TNCs

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8. Disadvantages - Sweatshops

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