Question

mncs are playing an important role in globalization process . Justify the statement by giving any five suitable arguments

Answer 1

1. MNC's control production in more than one country. For eg. Ford is an American company having automobile production units more than 26 countries across globe

2. MNC's influence on production at distant locations by interacting with local producers in various countries.For eg. Garment production is done by various small no. of producers around world which are then supplied to MNC's which at their own brand name sell across globe.

3.Due to MNC's more and more technology, services, goods etc. are moving between countries.For eg. there have been several improvements in transportation systems in India.

4.MNC's form collaboration with different countries giving them equal opportunity for profits. For eg MarutiSuzuki is a collaboration where maruti is Indian local company and suzuki is a Japanese company.

5. Foreign investment have brought exchange of foreign capital.
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hope it helps!!!!

Answer 2

Globalization is the rapid integration of the global economy through which countries interlink in a variety of ways. Globalization has enabled improvement in trade and communication with different countries. The silk route is one such example from earlier times. Over the last 20-30 years there has been a tremendous increase in globalization with the increase in the number of MNCs. MNCs are Multi National 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 the MNCs are producing as well as selling in many countries, they are interlinking the economies of these countries and thus speeding up globalization.