Unformatted text preview: Powerful countries sell goods to less-developed countries, allowing them to run up enormous debts that take years to pay off. In so doing, the most developed nations gain a political and economic advantage over the countries that owe them money. Multinational Corporations Sometimes, multinational corporations , large corporations that do business in a number of different countries, can exploit weak or poor countries by scouring the globe for inexpensive labor and cheap raw materials. These corporations often pay a fraction of what they would pay for the same goods and employees in their home countries. Though they do contribute to the economies of other countries, the real beneficiaries of their profits are their home countries. Multinational corporations help to keep the global stratification system in place...
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This note was uploaded on 01/24/2012 for the course SCIE SYG2000 taught by Professor Bernhardt during the Fall '10 term at Broward College.
- Fall '10