This document discusses how globalization affects development through transnational corporations (TNCs). It notes that TNCs spread ideas, fashion, and culture worldwide to promote their products, and they pursue profit by keeping costs low. However, this can negatively impact jobs in countries where wages are higher, as production may shift to lower-wage locations. The document examines the real costs of globalization for less economically developed countries that host many TNC operations and receive foreign investment.

1. BEHIND THE SWOOSH!

3. How much does it cost?

4. How much does it REALLY COST?

5. MORE....

6. ..than her ANNUAL SALARY!

7. It’s about “ ECONOMICS”

8. Could you survive on less than this each day?

9. One third of the world’s population has to!

10. It’s about GLOBALISATION !

13. Like this....

14. ...and this!

15. To get you to buy these!

16. A lesson from “The Man”

17. For any TNC: Revenue - Costs = ?

18. ...PROFIT!

19. T.N.C means Trans National Corporation

20. Many TNC’s are wealthier than individual countries!

21. . ..BUT we can lose jobs to countries where wages are much lower

22. So, what do they cost ?

23. What do they REALLY COST ?

24. To LEDC’S like China, Vietnam, Indonesia, Malaysia, and Thailand?

25. Should we...

26. Just “DON”T” do it?

27. LEARNING OUTCOME: We now understand that TNC’s drive Globalisation. So it’s difficult to discuss one without the other!

28. ZEN Geography S.Jones 2009 Photo Credits: Flickr