MULTINATIONAL CORPORATIONS

What is the multinatioanl corporations?
MNC or MNE is a corporation or a enterpise which manages production or delivers services in more then one country. Also MNC has its management headquarters in one country, known as the home country, and operates in several other countries, known as host countries.

1. How can we ensure corporations are held accountable for their actions "legally" and "ethically"?
Considering the reality, we really can not easily ensure accountable actions of corporations. Some of MNC 's annnual sales might exceed the GDP of a small country, so an MNC's influence derives more from the firm's substantive connection to a particular nationa's economy in terms of local production. In this situation, a government could not actually get excess to control the corporations to be legal and ethical. If the government can not regulate MNC, who can do it? It would be employees as themselves or the consumers.

2. Should individuals (directors, employees, shareholders) bear any responsibility for the actions of a corporation? If so, on what degree?

I believe that the indiciduals shoud be responsible for the actions of a corporation. It is because, as we saw in the movie, a corporation does not have feeling other and mercy. He only concern about profits. So the directors, emplotees, and shareholders should bear in mind the responsibility. On what degree? It would be controversal but i would say they need to care about the decision which they make during their working.

3. What are the benefits of the corporate form? Could an alternative model offer them as well?

They can be treated by same way of real person because they are taken as a leagal person if they are corporation. Other one would be stronger negotiation power and get a more efficient way to make profits. I do not think there are some alternative models for corporation, corporation is corporation. It would be changed to other terms but the core concept will be same because it is came by the people who want to make more money.

4. Search for a foreign multinational corporation that has operations in Colombia. Research if they are run under Colombian rules or regulations or if they have special regulations?

Mcdonald's. It is effected by the colombian tex laws.

(sorry I do not really know where I can find the information..)

5. Should economic efficiency (main argument for privatization) be primary concern for common and public services? Are there other criteria to determine who should own or operate them?

In these days, the economic efficiency is the primary concern for many place. And as we can see in the real life, it works. But i think the public sector is exception of the rule, as we saw in the movie if we only concern about economic efficiency, public sector would taken by private companies. It would be very big problem because the company only concern about money. For example, think about the water service, if the water sector is owned by private company, they do not make pipe for the people who live in mountin due to the efficiency. Everyone knows without water, it is impossible to survive. So for the pulic sector, the primary concern need to be fairness and it is only possible with government.


http://www.youtube.com/watch?v=0xqqoXY4kEY&feature=relmfu