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GlaxoSmithKline TNC

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by

Helen Sanders

on 24 October 2013

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Transcript of GlaxoSmithKline TNC

GSK- a Transnational Corporation
GSK is operating in...

Algeria
Ghana
Kenya
Morocco
Nigeria
South Africa

GSK is operating in....

Bangladesh
Cambodia
China
Egypt
Hong Kong
India
Indonesia
Israel
Japan
Korea
GSK is operating in...

Australia
New Zealand

Albania
Armenia
Austria
Azerbaijan
Belarus
Belgium
Bosnia & Herz.
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Georgia
Germany
Greece
Hungary
Iceland
Ireland
Italy
Kazakhstan
Latvia
Lithuania
Macedonia
Malta
Moldova
Netherlands
Norway
Poland
Portugal


GSK is operating in...
GSK is operating in...

Canada
United States

We are a science-led global healthcare company that researches and develops a broad range of innovative medicines and brands. Our products are used by millions of people around the world, helping them to do more, feel better and live longer.

We have three primary areas of business in pharmaceuticals, vaccines and consumer healthcare. Our commercial success depends on creating innovative new products and making these accessible to as many people who need them as possible. By achieving this, we will be able to grow our business and provide benefits to patients, consumers, society, our employees and our shareholders.

With our headquarters in the UK, we have a wide geographical reach. We have offices in more than 115 countries, major research centres in the UK, USA, Spain, Belgium and China and an extensive manufacturing network with 87 sites globally.

Research is vitally important to the success of our business, and we spent just under £4 billion in 2012 in our search to develop new medicines, vaccines and innovating consumer products. We are one of the few healthcare companies researching medicines and vaccines for the World Health Organisation’s three priority diseases - HIV/AIDS, tuberculosis and malaria.
GSK is operating in...

Argentina
Brazil
Chile
Colombia
Costa Rica
Dominican Republic
Ecuador
El Salvador
Guatemala
Honduras
Jamaica
Mexico
Nicaragua
Panama
Peru
Trinidad & Tobago
Uruguay
Venezuela


positive effects
TNCs offer consumers a large degree of consumer choice and can in this way improve standards of living.


negative effects
Large industrial areas have been lost to overseas markets. There are now pockets of poverty throughout the UK.



GSK has lots of manufacturing centres in the UK so the effects of this TNC are minimal on the home country


positive effects
GSK has helped improve infrastructure in the host country such as roads, airports and other services.
GSK has helped to raise living standards.
GSK has helped transfer technology from developed to developing countries.
the company generally pay between 10% and 100% more than local labour rates.


negative effects
Outsourcing means that TNCs exploit cheap labour. As a result local workers are paid badly
Profits don’t remain within the country in which goods are manufactured
economic uncertainty within the host country as TNCs can pull out at any time.
Romania
Russia
Serbia
Slovakia
Slovenia
Spain
Sweden
Switzerland
Ukraine
United Kingdom
Malaysia
Myanmar
Pakistan
Philippines
Saudi Arabia
Singapore
Sri Lanka
Taiwan
Thailand
Turkey
United Arab Emirates
Uzbekistan
Vietnam
Every second
Every year
Every hour
Every day
Every minute
35
1,100
300,000
200 million
600 million
Full transcript