what are the roles of MNCs in economic development
Answers
Role of multinational corporations. ... MNCs help a developing host country by increasing investment, income and employment in its economy. • They contribute to the rapid process of development of the country through transfer of technology, finance and modern management.
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The role of MNCs (multi national company) in economic development is as followed:
1. Increase in foreign investment over past 20 years.
2. MNCs help in creating new job opportunities and help in eradication of poverty and unemployment
3. Several of the top Indian companies like Tata motors, Infosys, Ranbaxy have been able to get benefit from increased competition created as a result of globalization which resulted in economic development of India.
4.A host of services such as data entry, accounting, administrative tasks, engineering are now being done cheaply in India.
5.The large MNCs have tremendous power to determine price, quality and labour conditions for the small producers of the different countries including India.
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