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International Business by Sumati Varma

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2

Globalization of Business Structures: The Transnational Corporation

LEARNING OBJECTIVES

After going through this chapter, you should be able to:

  • Identify the players in the international business arena

  • List the basic features of a transnational corporation (TNC)

  • Distinguish between TNCs from developed and developing countries

  • Appreciate the role played by TNCs in the process of globalization

  • Measure the degree of internationalization of a TNC

Dragon TNCs

TNCs from developing countries (mainly from the Asia-Pacific region) which acquired an international presence in a fraction of the time taken by their predecessors from the developed world are known as dragon TNCs. Ispat (now Mittal Steel) is an Asia-Pacific TNC from a developing ...

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