THE giant American conglomerate General Electric (GE) holds more assets abroad than any other non-financial firm in the world—over $500 billion worth. Its foreign assets make up over 70% of its total.
While we may think of Volkswagen as a "German" company, 78% of their assets are in other countries. What advantages is there for companies to have operations in multiple countries? How do transnational corporations change the geographies of production, consumption and economics?