After going through this chapter, you should be able to:
Identify the players in the international business arena
List the basic features of a transnational corporation (TNC)
Distinguish between TNCs from developed and developing countries
Appreciate the role played by TNCs in the process of globalization
Measure the degree of internationalization of a TNC
TNCs from developing countries (mainly from the Asia-Pacific region) which acquired an international presence in a fraction of the time taken by their predecessors from the developed world are known as dragon TNCs. Ispat (now Mittal Steel) is an Asia-Pacific TNC from a developing ...