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Summary of Session 2

Study Circle SPA1 (José Luis Ferrándiz)

We were talking in our group about the difference between a big company and a transnational company. The TNCs have special elements in their definition that makes them something difference from just a very big company. So we were talking about not to confuse both types o companies. The phenomenum of Spanish TNCs is quite new. The Spanish TNCs are concentrated mainly in the Latin American area and they work in three production areas:

• banking as Banco de Santander
• electricity as ENDESA
• telecomunications as Telefónica Internacional.

A very funny thing about them is that they bought local companies in Chile or Peru for example using the privatization process in those countries. They use the liberal principle that say: the private companies work always better. But some of them were/are public entreprises!

SALUDOS FROM MADRID!

Links Conserning this summary

• Banco de Santander (in spanish and in english)
• ENDESA (in spanish and in english)
• Telefónica Internacional. (in spanish and in english)
  • More information of Telefonica Internacional and Latin America

Study Circles other summaries

[Session 1]/ [Session 2]/ [Session 3]/ [Session 4]
[Session 5]/ [Session 6]/ [Session 7]/ [Session 8]

Summaries of session 2

• BAR1 (Ulric Sealy)
• BUL1 (Plamen Dimitrov)
• EST1 (Tiia Kask)
• GBR1 (Peter Emery)
• PER1 (Juan Carlos Vargas)
• RSA1 (Martin Jansen)
• SPA1 (José Luis Ferrándiz)

• Alana's Comments

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