1: Transnational Corporations (TNCs) have
been praised by some and condemned by others. How do Susan Strange and Leslie Sklair (ch. 7 and 28) see
the role of TNCs in the global system and their effect on states? Do you agree? And chapter 24 for question 2:
The “bottom billion” live in countries that are caught in one or more “development traps” according to Paul
Collier. (a) What are the four traps? (b) Which is the better place to begin escaping from the development traps
—focusing on the role of the state (either by enhancing good governance or removing the state from the
market through liberalization), or focusing on human needs through microfinance and social entrepreneurship -
why? If both are important, where do we start first?
Sample Solution