Oct 21, 2016 · The rise of Chinese TNCs, BRICS, and current global challenges. The environmental footprints and social impacts of Chinese TNCs are increasing due to the growing expansion of their operations in developing countries in Asia, Africa, and Latin America, as well as in old centers of capitalism Europe and the US. TNCs (Transnational Corporations) do depend on LEDCs (Less Economically Developed Countries) because it costs less to pay the workers in a LEDC then a MEDC .
The Asian Tigers are made up of four countries in east Asia - South Korea, Taiwan, Singapore and Hong Kong. They all went through rapid growth by going through industrialisation since the 1960s when TNCs looked for areas with cheap labour and low costs for other things. They are considered as the first generation of NICs. Asian TNCs and supply chains SOMO Bulletin on Issues in Garments & Textiles Number 2, July 2003 The SOMO Bulletin on Issues in Garments & Textiles is a bi-monthly on-line publication of the Centre for Research on Multinational Corporations (SOMO) that presents critical issues of interest to those working to improve conditions and empower workers in the global garment and textile industries.
In the 1990s, the economies of the Asian Tigers had expanded too fast, hence the prices of property and stocks and shares had become overvalued. This caused several stock markets to crash and sparked a worldwide financial crisis and even required money from the International Monetary Fund. A transnational corporation (TNC) or a multinational corporation is a company that operates in at least two countries. Globalisation has allowed many businesses to set up or buy operations in other countries. TNCs invests in other countries by buying factories or shops, this is called inward investment. The headquarters and research and development (R&D) departments are often located in the country of .
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The Four Asian Tigers, Four Asian Dragons or Four Little Dragons,, are the economies of Hong Kong, Singapore, South Korea and Taiwan, which underwent rapid industrialization and maintained exceptionally high growth rates between the early 1960s and 1990s. By the early 21st century, all four had developed into high-income economies, specializing in areas of competitive advantage. Hong Literal meaning: Asia's Four Little Dragons.