Smith et al (2011:73) identify the following five trends in the rise of MNCs, or as they call it, corporate globalisation:

*The private marketplace is becoming dominated by large MNCs.

* Wealth is accumulating within a small number of economic actors, both public and private.

*The divide between rich and poor (referring to individuals, states and companies), is getting bigger, both within and between states.

*The divisions of labour and multi-centred production are contributing to growing differences of experiences and opportunities.

*Lastly, the political, social and cultural influences of MNCs increases as their as their economic influence increases

Discuss the five trends in the rise of MNCs.

Make sure you also address the effect that the COVID-19 pandemic has had on MNCs.