The world’s 10 largest corporations

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Fiches
Classe(s) : Tle ES - Tle L - Tle S | Thème(s) : The process of globalization
Corpus Corpus 2
The world’s 10 largest corporations

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Documents Analysis

Document

Comparison of the world’s 10 largest corporations with the GDP of selected countries (2010)


Company/Country


Revenues/GDP 
($ billion)


Norway


414


Wal-Mart Stores


408


South Africa


364


Greece


305


Exxon Mobil


285


Chevron


164


Romania


162


General Electric


157


Peru


154


Bank of America Corp


150


ConocoPhilips


140


Ukraine


138


AT&T


123


Ford Motor


118


J.P. Morgan Chase & Co


116


Hewlett-Packard


115

Sources: Fortune Magazine, May 2010 & World Bank, 2010.

Analysis

Introduction

[Kind of document] This ranking table compares revenues of the 10 largest TNCs and the GDP of countries. [Sources] The data are provided by Fortune, the oldest American business magazine, best known for the ranking of companies by revenue since 1955, and the World Bank, an international institution.

[Public targeted and aim of the document] The public targeted is specialized, especially in economy, knowing what is GDP or revenue. GDP (Gross Domestic Product) is the value of goods and services produced in one country in one year. Revenue or turnover is the income that a company receives from its normal business activities, usually from the sale of goods and services to customers.The aim of the document is to compare the wealth of TNCs to that of nation-states.

[Historical background] This document was made in 2010. Since the beginning of the 1990s, globalization has placed TNCs as the key players in the international economy.

Describe – analyze

 In 2010, Walmart’s revenues were on a par with Norway’s GDP. Norway would rank as the world’s 25th biggest country. Walmart is a US retail corporation that operates a chain of discount department stores. It has been the world’s largest company by revenue since 2010. It has stores in 27 countries and over 2 million employees in the world.

 Two of the top five firms are oil companies. In 2010, both Exxon Mobil and Chevron took in greater revenues than the entire GDP of Romania.

 Even after the financial crisis (2008), Bank of America remains in the top 10 of the world’s largest corporations with revenues higher than Ukraine’s GDP.

Criticize

An economist, P. Legrain, argued that a proper comparison would deduct the costs of product from the revenue generated by TNCs.

Conclusion

The 10 leading TNCs are American, and part of their might comes from the US leadership in the world’s economy.

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