B.+NEWLY+INDUSTRIALISED+COUNTRIES+Q9abc

=Newly Industrialized Countries (NICs) :] =

 NICs are countries that were formally classified as less developed but are becoming rapidly industrialized. Some examples of NICs are Hong Kong, South Korea, Singapore, and Taiwan, South Africa, Mexico, Brazil, China, India, Malaysia, the Philippines, Thailand and Turkey.

A transnational corporation (TNC) is a huge company that does business in several countries. Many TNCs are much richer than entire countries in the less developed world. Such companies can provide work and enrich a country's economy - or some say they can exploit the workers with low pay and destroy the environment. Examples of TNCs include: 
 * Nestlé
 * Unilever
 * Cadbury-Schweppes
 * BP-Amoco

Advantages that a transnational corp. can bring to a less economically developed country:  Disadvantages that a transnational corp. can bring to a less economically developed country:
 * they bring work to the country&uses local labor
 * improves the levels of education and technical skill of the people
 * improvement in roads, airports and services.
 * local labor force usually poorly paid
 * very few local skilled workers employed
 * mechanization reduces the size of labor force

Some transnational corporations:


 * Two main transitional car companies are ford and Chrysler, Ford was found by Henry Ford, he saw Detroit as an ideal location for a successful car company.
 * Steel was made close by and by the water. Ford developed a large local market by paying his workers 5 dollars a day, when the national average was 9 dollars a week allowing them to buy there own cars.
 * Later Chrysler another giant American car company located their main manufacturing at Detroit. After a serious depression in the 1970's, Detroit's car industry is again thriving.
 * Two transitional electronic companies are SHARP and DAEWOO these both are known and successful companies.



 Malaysia = =

Malaysia rapidly improved from a LEDC to a NIC because it has done it independently and didnt get massive loans that they couldnt pay off. Their government was behind them all the way Malaysia had automated machines in factories so they could make more valuable things to sell and for more money using less raw materials. with all the new jobs there were little unemployed. from what they had doe they managed to attract foreign investors for further improvements. Malaysia used to do primary industry and now are using more secondary industry.

__Sources

<span style="display: block; font-family: Arial,Helvetica,sans-serif; font-size: 120%; text-align: left;">we used wikipedia we used The New Wider World!!!! we used other google pages we used google images __

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