Question

Multinational corporation short definition

Answer 1

Multinational corporations are the institutions which trade in more than one country and thus making the world globalised

Answer 2

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Here is your answer

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Multinational means related to or belonging to or pertaining to multiple nations.

   Multinational organization is a private organization or a cooperative union of governmental or private or voluntary organizations.

   Multinational companies have their branches in multiple countries. They provide world class products. They also take advantage of local skills, cheap labor, land and infrastructure to build their manufacturing units.

   Multinationals provide employment to some and throw out many local small scale vendors out of market. It is believed that multinationals bring in a lot of funds and investments into the country. It is true that multinationals indicate influence of private companies over local economy. Their primary objective is profit by any and all means. They are also partially responsible for pollution around their manufacturing units.

   Thus there are both disadvantages and advantages. Government, SEBI and other supervising agencies must be alert to check exploitation by multinationals.  Stock exchange is often disturbed by big scams and plans by multinationals.

   Globalization of a country happens through multinational companies.

   In the last two decades many Indian organizations have gone global and earned big names their respective markets.  Tata , Birla, Reliance, Mittal are only some examples. Also many telecom companies of India including BSNL and NTPC have internationational markets.

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