Which of the following best represents the implications of powerful transnational corporations?

Question

Quizplus · Accepted Answer

Powerful transnational corporations have the ability to influence and bend laws, regulations and policies to their benefit, which in turn undermines the sovereignty and power of the state. They can also engage in tax evasion, leading to decreased revenue for the state and a lack of resources to implement social programs or regulate the activities of corporations. Therefore, the power of the state is decreased.

Which of the Following Best Represents the Implications of Powerful