What is globalisation ? Describe the role of Multinational Corporations (MN Cs) in promoting globalisation process
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(a) Globalisation is a process of rapid integration orinterconnection between countries.(b) More and more goods and services, investmentsand technology are moving between countries.(c) Globalisation is the integration between countriesthrough foreign trade and foreign investments byMultinational Companies (MNCs).
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Globalization refers to interlinking and interconnection of production and markets between different countries
The MNCs play an important role -->
1) They invest on buying assets such as land, equipment,machinery,labor etc, this is called foreign investment.
2) MNCs jointly work with local companies , thus they invest more buying machinery for fast production.
3) MNCs bring the latest technology for production to other countries
The MNCs play an important role -->
1) They invest on buying assets such as land, equipment,machinery,labor etc, this is called foreign investment.
2) MNCs jointly work with local companies , thus they invest more buying machinery for fast production.
3) MNCs bring the latest technology for production to other countries
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