Question

Explain the role of MNCs in the globalisation.(5 marks)

Answer 1

MNC's play an important role in the globalisationprocess. They compete with the local producers directly even after being miles apart, thus integrating the markets. Their working leads to exchange of investments and products which leads ti interconnection between diverse countries.Globalisation is the rapid integration of the global economy through which countries interlink in a variety of ways.
globalisation has enabled improvement in trade and communication with different countries.
MNCs are multinational corporations or companies which have set up production in more than one country.
MNCs set up production worldwide where cheap labour is available, where markets are near and where government policies look after their interests. since MNCs are producing as well as selling in many countries, they are interlinking the economies of these countries and thus speeding up globalisation

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