Rise of multinational corporations

Question 1

The rise of multinational corporations and the trend toward globalization leads to global homogeneity. There are implications in communication and marketing when multinational companies do business in different countries. Its positive effects in my community are as follows. 1) The digital revolution has transformed the way the community does businesses because it allows companies to offer customized services to consumers by enabling them serve to themselves in their own way and according to their own tastes. 2) My community benefits of essential foreign culture and technical know-how brought by multinational corporations. 3) These corporations boost the industrial activities of the country. Investments and huge profits that they make can also used for research and development, which is beneficial to the local community. 4) Multinational corporations create opportunities for marketing our local products across the world through exportation.

Its negative effects are as follows. 1) Outsourcing leads to a significant loss of employment because people from other countries are also taking our local jobs. Moreover, small local businesses suffer in the shadow of multinational corporations because they cannot survive the competition. 2) The development gap between the wealthy and the poor continues to grow where the multinational corporations conduct business because capitalism via foreign trade tends to be exploitative. 3) Environmental impact. Most multinational corporations are not subject to the same labor and environmental laws as they are at home. They have a bad reputation for disregarding the environment through pollution and they pose negative impact for the cost of doing business.

 

 

Question 2

It is true that different racial groups may have unearned privileges in societies that are racially unequal as many sociologists argue. This phenomenon is called race privilege. It refers to a range of advantages people receive because of their skin color. It works according to the ranking of individuals; people from dark-skinned races are considered less privileged while people from light skin-skinned races are considered more favored. Race privilege also supports race-based stereotypes. White people mostly benefit from race privilege due to the belief that all white people are successful and they have an upper hand in the same economic, political and social spaces than other races.

Many people find it hard to accept race privilege because they view it as racism. Privilege exists when one race has something valuable that is denied to others just because of the groups they belong to, and not because of anything they have done or failed to do. Those who are against race privilege believe that everyone should have equal opportunities and that there should be no preferential treatment just because they come from a certain race. They are committed to social change and equity. It is also hard for them to accept that different racial groups may have unearned privileges because regardless of any advantages some minority members are more successful than most of the dominant race members. The notion that some people have unearned racial privilege is a sinister fallacy that justifies discrimination against a particular race while reflexively blaming the disadvantaged and poor members of the perceived superior race for their misfortune.