Multinational corporations (MNCs) play a big role in how countries around the world interact with each other. Here’s how they do it:
Economic Power: MNCs are responsible for about 80% of all global trade. This shows just how much power they have in the economy.
Lobbying and Advocacy: In 2020, MNCs spent more than $3 billion on lobbying in the U.S. This means they are really trying to influence laws and policies that affect them.
Foreign Direct Investment (FDI): In 2021, MNCs invested $1.5 trillion in other countries. This affects how things work economically in those countries.
Global Governance: MNCs often take part in international meetings. This gives them a chance to influence important agreements and rules that relate to business and the environment around the world.
Multinational corporations (MNCs) play a big role in how countries around the world interact with each other. Here’s how they do it:
Economic Power: MNCs are responsible for about 80% of all global trade. This shows just how much power they have in the economy.
Lobbying and Advocacy: In 2020, MNCs spent more than $3 billion on lobbying in the U.S. This means they are really trying to influence laws and policies that affect them.
Foreign Direct Investment (FDI): In 2021, MNCs invested $1.5 trillion in other countries. This affects how things work economically in those countries.
Global Governance: MNCs often take part in international meetings. This gives them a chance to influence important agreements and rules that relate to business and the environment around the world.