ТNCs and TNBs in IB
Evolution 1 Stage Obtaining resources from colonies 2 Stage The period between two wars. Manufacture of the weapon and military engineering 3 Stage Scientific and technical achievement in the field of the newest branches of a science 4 Stage Was formed in 1970 — In conditions of development of the accelerated scientific and technical progress 5 Stage Purposeful development in the beginning XXI century. In conditions of accelerated processes of regional economic integration
©2004 Prentice Hall 1-5
Country / Company GDP / sales, in billions of dollars Exxon Mobile340 Poland339 Austria322 Wall-Mart Store316 Norway311 Saudi Arabia310 Royal Dutch Shell307 Denmark275
10 Huge TNCs by Ti TNCsTi Nestle98% Vodafone Group81% British Petroleum, BP77% Exxon - Mobil68% Viendi - Universal60% Fiat57% Royal Dutch Shell57% Telefonica54% General Electric40% Toyota Motor35% General Motors31% Source: UNCTADs annual report 2010
Source: The Universe of the Largest Transnational Corporations UNITED NATIONS New York and Geneva, 2007 P.32
Role modern TNCs in world economy Stimulate RD Stimulate development of world manufacture and international trade Stimulates competitive struggle in the world market. Stimulate the tendency globalization of world economy, promoting a deepening IDL
distribution of the guarantees behind the third persons providing execution of the obligations in the money form; buying of the requirement from the third persons of execution of the obligations in the money form; confidential management of money resources and other property under the contract with the physical and legal entities; realization of operations with precious metals and jewels; granting in rent to the physical and legal entities of special rooms or safes, taking place in them, for a storage of the documents and values; leasing operations; rendering of consulting and information services.
Rank 2012 Bank Assets (Billion US$) Royal Bank of Scotland Group Barclays Deutsche Bank BNP Paribas HSBC JP Morgan Chase Credit Agricole Citigroup Mitsubishi UFJ Financial ING Group
Rank 2012 Bank Market Capitalisation (Billion US$) Industrial & Commercial Bank of China China Construction Bank Wells Fargo & Co HSBC Holdings Agricultural Bank of China JP Morgan Chase Bank of China Itau Unibanco Citigroup Commonwealth