Excessive independence of transnational corporations

As the scope of transnational corporation (TNC) activities widen and they face fewer restrictions in shaping their strategies and structures, there are misgivings that international corporations are able to exercise growing economic influence largely unchecked by governments or trade unions.

1. The multinational corporation is the most powerful institution of our time, dominating not only global economics, but politics and culture as well. The enormous influence of the corporation notwithstanding, the mechanisms of corporate control and the details of corporate abuses remain largely hidden from public perception.

1. Social unaccountability
2. Lack of control

1. Inadequate relationship between transnational corporations and specialized agencies of the United Nations
2. Domination of economic integration by transnational corporations
3. Corporation financial secrecy

1. Unfair pricing by transnational corporations
2. Oligopolies
3. Monopoly of the economy by corporations
4. Lack of consumer influence on industry
5. Inadequate relationship between transnational corporations and local industry
6. Decline of the nation-state

1. Non-accountability of transnational enterprises
2. Ineffective industry self-regulation

1. Burden of conflicting national regulations on transnational corporations

1. Researching transnational corporations
2. Developing codes of conduct for international business

1. Independence
2. Excess
3. Dependence