Question

What is role of MNC in globalisation process

Answer 1

Globalisation is the rapid integration of the global economy through which countries interlink in a variety of ways.
globalisation has enabled improvement in trade and communication with different countries.
MNCs are multinational 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 MNCs are producing as well as selling in many countries, they are interlinking the economies of these countries and thus speeding up globalisation

Answer 2

MNC's have played a crucial role in globalisation process. MNC's are the multinational companies which set up their industrial units in different countries and promotes free flow of goods and services. In India, along with development in technology, MNC's have also pmade globalisation more liberal. MNC's set up their units in developing nations in order to cut their expenses. the big landowners and rich peasants have made the best use of these new achievements. MNC's have forced many developing countries to remove their trade barriers. Now the consumers have more options to choose between and at lower price. meanwhile, the developed nations have again put barriers and they are supporting their farmers with lots of money so that they can compensate the expenses and can sell the products to the other markets at cheap rates, hence making loss to the farmers of that nation. MNC's have boosted the globalisation but the developing nations are demanding fair globalisation so that everyone can get benefited.
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