I found some interesting facts about the growing power of private corporations due to globalisation. These facts are about the top 200 transnational corporations in the world and no surprise the majority are American.
1. Of the 100 largest economies in the world, 51 are corporations; only 49 are countries.
2. The top 200 corporations sales are growing at a faster rate than overall global economic activity.
3. The top 200 corporations combined sales are bigger than the combined economies of all the countries minus the biggest 10.
4. The top 200s' combined sales are 18 times the size of the combined annual income of the 1.2 billion people living in poverty.
5. While the sales of the top 200 are equivalent of 27.5 percent of the world economic activity, they employ only 0.78 percent of the worlds workforce.
6. U.S. corporations dominate the top 200, with 82 slots with Japanese firms in second with 41 slots.
These facts and the top 200 reflect the trends in the global economy and therefore the future. The top 200 used to be dominated by manufacturing corporations however since globalisation boosted financial transactions and telecommunications global corporations in these sectors have taken over. We have already seen the impact these global corporations have on our economy because Barclays is at the top. The state of the global economy will therefore depend and reflect upon these top 200 countries as they continue to grow.
http://www.globalissues.org/article/59/corporate-power-facts-and stats#Concentrationoftransnationalcompanies
-Ruth
No comments:
Post a Comment