Question

Evaluate the role of MNCs in economic development of a country

Answer 1

A Multinational economy plays a significant role in the promotion, growth, and trade of a country. it allows countries to adopt industrial policies of privatization and liberalization of private foreign capital which is quite important and needed for the rapid growth of the economy of a country.

MNCs are important for - promotion of foreign investments

- Technology Transfers

- Promotion of Exports

- Growth in Investment and Infrastructure within the country

Answer 2

MNC contribute to the rapid rate of growth and development of a economy.

Explanation:

• A Multinational corporation plays a major role in the development of the world economy and serves as a source for the growth and development of the developing nations by increasing the FDI, income, and employment of the nation.

• This lead to a rapid process of development by the transfer of technology finance and telecom. They help in the promotion of exports of the country and the protection of a certain amount of goods that help to reduce the dependence on imports.

• MNC makes the market more competitive ad can break the domestic monopolies. They accelerate the growth process in the country and create positive impacts n the business environment.

Learn more about the role of MNCs in economic development of a country.

• brainly.in/question/6883469 answered by Arslankincsem.