The top 300 corporations own or control more than one
quarter of all the productive assets of the world.
- There are about 37 000 TNCs in the world, and they have over 200 000 foreign affiliated
companies.
- Five advanced capitalist countries (USA, Japan, France, Germany and the UK) account for
172 transnationals out of the top 200 and for US$ 2 000 000 000 000 (two trillion dollars)
worth of foreign direct investment (in 1992).
- Fewer than one in ten TNCs come from newly-industrialising countries like Korea and
Brazil.
- Transnational corporations control about 70 percent of all world trade.
- Almost 40 per cent of world trade takes place between the companies of individual
corporations. Some goods are controlled by only a handful of TNCs. For example just six
corporations control 90 per cent of the world's trade in wheat. TNCs control 80 per cent
of all land farmed for export crops.
- The biggest TNC is General Electric, with assets worth over US$251 billion (251 000 000
000 US dollars).
- The TNC that employs the most workers is General Motors: about 750 000 people worldwide.
- The sales of the Ford motor company each year are greater than what the country Norway
produces in a year (Gross Domestic Product, GDP). Philip Morris's tobacco sales every year
total more than the GDP of New Zealand. The top six corporate groups in Japan together
make up four-fifths of Japan's gross national product (GNP).
- Most foreign direct investment is exchanged between the big three industrialised blocs:
the USA/Canada/Mexico (the North America Free Trade Area - NAFTA), the European Union
(EU), and Japan/Asia.
- In the 1980s, most foreign investment going to the Third World went to Brazil, Mexico,
Singapore and Malaysia. In the 1990s China leapt into first place, with foreign
investments worth US$ 26 billion a year. By contrast, the whole continent of Africa
receives only US$ 3 billion a year, even though African governments have adopted
pro-investment policies and profits rates are often higher than in Europe. Central/Eastern
Europe get about US$ 5 billion a year.
Foreign investment today goes more into services such as banking, communications,
transport, electricity supply and tourism and less into manufacturing goods. Privatisation
of the public sector is encouraging this trend.
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