Class notes Economics

Engineering Ethics Dr. Mohammad O. Hamdan 1




Chapter 9
Global Issues
Dr. Mohammad O. Hamdan

,Engineering Ethics Dr. Mohammad O. Hamdan 2




9.1 Multinational Corporations
• Multinational corporations conduct extensive business in more
than one country. Examples…

• Globalization: refers to the increasing integration of nations
though trade, investment, transfer of technology, and exchange
of ideas and culture.

• In the narrow sense: an accelerating integration and
interweaving of national economies through the growing flows
of trade, investment, and capital across historical borders.

• In a more general sense: these flows include technology, skills
and culture, ideas, news, information, and entertainment.

,Engineering Ethics Dr. Mohammad O. Hamdan 3




9.1 Multinational Corporations
• The multinational corporations benefits to home
country are:
a) Inexpensive labor
b) Natural resources
c) Favorable taxes
d) New markets

, Engineering Ethics Dr. Mohammad O. Hamdan 4




9.1 Multinational Corporations
• The multinational corporations benefits to hosting
countries are:
a) New jobs.
b) Higher pay rates.
c) Access to advanced technology.
d) Social benefits due to wealth-sharing.