Multinational Business Corporations Gaining More Power in...

Multinational Business Corporations Gain More Power Multinational Business Corporations Gain More Power The world is entering a period where corporations are gaining more power in society. Multinational business corporations will ultimately become more powerful than the government. Corporations influence decisions made by the government by providing campaign funding and lobbying. Businesses strive to satisfy their consumers’ wants and needs far well than the government strives to satisfy the wants of its population. Financial crisis and recession can begin in areas where jobs provided by corporations are lost, granting businesses power over the job market and gross domestic product. This essay will address how corporations are†¦show more content†¦Some corporations have larger revenue than the gross domestic product of some countries. Walmart makes more revenue than Norway’s GDP: â€Å"Norway is the world’s 25th largest country with a GDP at $414.46 billion however still lower than Walmart’s revenue which is $421.89 billion† (Trivett, 20 11). Developing countries work very hard to attract foreign investments because corporations reward thousands with jobs, benefit shareholders (rise share prices) and increase global well-being. If a corporation falls down, financial crisis and recession can begin. This power forces the government keep corporations alive and satisfied so they continue to provide jobs for local residents. In conclusion, these trends are allowing businesses to play a significantly larger role in people’s daily lives than the government. Corporations continue to grow as they invest in foreign countries thus increasing their revenue and influencing local societies. Populations are beginning to look at companies to solve social problems and corporations are doing it at a faster rate than the government. Lastly, corporations are viewed in a higher regard in the eyes of the public versus the government. Therefore, corporations will gain more power than the government if these trends continue to strive. References Caruso, D. (Jan 3, 2011). Fracking Pollution In Water: Pennsylvania Allows Natural Gas Drilling Waste Disposal In Waterways.Show MoreRelatedWhat Are the Sources and Limits of Mnc Power1627 Words   |  7 PagesWhat are the sources and limits of MNC power? Multinational Corporations in a Global Economy IR 120 - 201136597 - Catharina Knobloch 1. Introduction As MNCs are getting increasingly important as actors in political bargaining, the purpose of this essay is to provide a (more or less) detailed overview over the sources and limits of the power of multinational corporations (MNCs). In the first section, I am going to lead into this topic by giving some definitions. 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