"MNC are playing an important role
in globalisation process "Justify the
Statement by giving any five suitable arguments.
Answers
Answer:
yes MNCs are playing an important role in globalisation process because it provides more employment to the people of country
remove poverty
provides support to small scale industries
Answer:
1. Globalization is a process of rapid interdependence and interconnectedness amongst the countries of the world. The Multinational Corporations (MNCs) have played a major role in stimulating and spreading the process of globalization.
2. MNCs usually set up production units across the globe in places where the market is nearby, there is availability of skilled and unskilled labour at low costs and other factors essential to the growth of production.
3. The setting up of production in various countries leads to the development of products globally. Sometimes, the MNCs might also set up production with the local companies of a country as a joint responsibility, thus bringing in latest technology and foreign investment.
4. The MNCs also link and control the production of goods. Large MNCs in developed countries often place orders for production with small producers all around the world which are then sold by the MNCs under their brand name.
5. The power of control and influence of such corporations has contributed to the interlinking of such widely dispersed locations across the globe. This process, in turn, has contributed to the growth of global linkage of countries and the important role played by the MNCs in such a scenario.
Explanation:
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