Question

Evsluate the role of mncs in the economic development of the vointry

Answer 1

MNCs have contributed significantly to the development of world economy at large. They have also served as an engine of growth in many host countries. Their importance in a developing country may be traced as follows:

1. MNCs help a developing host country by increasing investment, income and employment in its economy.

2. They contribute to the rapid process of development of the country through transfer of technology, finance and Tnodern management.

3. MNCs promote professionalisation management in the companies of the host countries.

4. MNCs help in promoting exports of the host country.

5. MNCs by producing certain required goods in the host country help in reducing its dependence on imports.

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