Footloose can be defined as free to go wherever one likes or to do as one likes. According to Taggart (2010), he said that “organizations which are flexible and no national loyalties in moving their businesses or operations to anywhere quickly & freely and have different nations of consumers”. Transnational Corporation can be defined as a company that operates in more than one country. According to UNCTAD (2004), “a Transnational Corporation (TNC) is an organizations which control the foreign assets other than its home countries, they usually owning certain of equity capital stake”. Nestle and Ford is the example of TNCs in the international country”.

Based to Fox, Tom and Prescott (2004), they stated that “globalization has lead the organizations to spread or operate widely to search for cost efficiency and to implement production strategies across states and regions”. Nowadays, Transnational Corporations (TNCs) are central players in the economic environment. According to Macleod and Lewis (2004), “TNCs has affect the government’s policies which not only local but also include international, besides they also affect the agenda of the World Trade Organization (WTO)”. Moreover, TNCs also affect the economies and eco-system in the developing world, the wage-levels set by them can influence the purchasing power and demand of goods as well.

Power of TNCs

According to Dunning and Rugman (1985), “TNCs has the capabilities to overcome or reduce market imperfections, improving local and international markets, and to develop systemic, network-related rather than just asset-based only”. Furthermore, the power or strength of TNCs also include they can support the global market in terms of survival, profitability and growth. According to Christian Aid (2001), he stated that ” TNCs has increased and growth quickly and dramatically over the past 30 years, there were only 7,000 TNCs available during 1970, however today there are 63,000 parent companies which operating with about 690,000 subsidiaries in the world”. (Further information refers to Appendix 1 & 2). TNCs have involved themselves in different sectors, industries, economic activities in the global market.