How establishment of multinational corporations MNCs Marked the true beginning of globalisation?
(Class 10 SSt Sample Question Paper)
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Multinational corporations (MNCs) is a large company that operate in several countries at the same time. The first (MNCs) was established in the year 1920s and the world wide spread of MNCs was a notable feature of the 1950s and 1960s. From the late 1970s MNCs began to shift production operations to low wage Asian countries. This decision increased the job opportunity in the Asian countries.
The coming of New MNCs gave the people the opportunity to enjoy new varieties of things. The relocation of industry stimulated World Trade and capital flow. Thus, MNCs proved to be a great help to that true beginning of globalisation.
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The coming of New MNCs gave the people the opportunity to enjoy new varieties of things. The relocation of industry stimulated World Trade and capital flow. Thus, MNCs proved to be a great help to that true beginning of globalisation.
HOPE THIS WILL HELP YOU....
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