... bought in Europe, Africa, South America. Nike is the manufacturer of football strips of teams across 5 continents. Nike can be seen as a typical example of a TNC basing its organisation on the core-periphery model and also highlights the division in labour worldwide. For example production workers in South East Asia lack any wage security whereas American workers are given full benefits such as sick pay etc. In 1999, according to the Institute for Policy Studies, 51 of the world's 100 largest economies were corporations. To put this in perspective, General Motors is now bigger than Denmark and three-and-a-half times the size of New Zealand; the top 200 corporations' combined sales are bigger than the combined economies of all countries minus the biggest 10 It can be argued that last twenty years, Transnational have acquired unprecedented economic, financial and political power. Markets and capital globalisation, which has been mostly profitable to ...

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