What are the two fold benefit for local companies to start joint production with the MNCS
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(i) MNCs can provide money for additional investments, like buying new machines for faster production.
(ii) MNCs might bring with them the latest technology for production.
(iii) MNCs also buy some local companies to expand production, since they have wealth exceeding the entire budgets of the developing countries.
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Question: What are the twofold benefits to the local companies of joint production with MNCs?
Answer: The local companies of joint production with MNCs have the following benefits:
- MNCs can provide them money for additional Investments, e.g. buying new machines for production, etc...
- MNCs might bring with them the latest technology for production...
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