THE IMPACT OF TRANSNATIONAL CORPORATIONS ON GLOBAL ENVIRONMENT : A CRITICAL STUDY

Transnational corporations (TNCs) increasingly shape our lives as they weave worldwide webs of production, consumption, finance, and culture. Their ability to undermine or avoid government regulation and their rising strength relative to national governments have sparked citizen concern across the planet. At this juncture transnational corporations are not only playing a vital role in global economy but also acting as major factor in degradation of environment. The impact on transnational corporation on global environment, human health and natural bodies is severe and it is very difficult to estimate the loss suffered by earth due to illicit and unfavorable activities of corporations. It is true that for the growth of the country TNC is necessary but not at the cost of the environment. Environmental irresponsibility is one of the most prominent issues confronting host communities of transnational corporations (TNCs) engaged in the production of economic goods and, sometimes, services.