Increasing employment through transnational corporation activity

Description

Increasing employment through transnational corporation activity involves encouraging multinational companies to establish or expand operations in host countries, thereby creating jobs and transferring skills. This strategy addresses unemployment and underemployment by leveraging foreign direct investment, fostering local workforce development, and stimulating economic growth. Practical actions include offering incentives, improving infrastructure, and streamlining regulations to attract corporations, while ensuring that employment opportunities are accessible and contribute to sustainable local development.

Implementation

The greatest part of the increase in employment in foreign affiliates in recent years has taken place in developing countries, rising from 7 million in 1985 to an estimated 12 million in 1992. A large part of the increase was concentrated in East and Southeast Asia, in particular China and in export processing zones in that region and elsewhere.