What are transnational corporations and how do they positively contribute to the global economy? Give one example of a transnational corporation and give three reasons why they are beneficial.

What will be an ideal response?

Students should first define transnational corporation (a company that operates on a global scale with integrated operations across regions and countries) and give one example (i.e., Walmart, BP, Toyota, etc.). They should then explain how they contribute positively to the global economy (i.e., they generate employment in their regions of operation; they integrate developing countries into the global economy by infusing capital, supplying jobs, and transferring modern technology; and their investment in new and emerging markets helps them build infrastructure and enhance their capacity for economic growth).