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Quote by: rmnunez  US multinationals abroad do pay more than local standards, working for a US company has prestige. The same can be said for all multinationals.
Usually these are the most important employers in a third world country's economy, they bring the latest technology and they set the standards in labour relations. Foreign multinationals bring with them all sorts of hard-won union rights to workers in impoverished places with negligible industrial experience.
Often its the multinationals who lead the way in their third world host's development of environmentalism, towards gender equality, against discriminatory practices, for accountability and against corruption.
Nonetheless, what the multinationals are paying their workers in the third world remains a fraction of what they'd have to pay citizens of their own, this is why from a first world perspective their investment overseas seems so exploitative. |
Yeah, and that grim story comes from only looking at the positive aspects of these institutions. Just imagine if we could get you to recognoze the negative aspects.