Question

What is the role of MNCs in the globalisation process?

Answer 1

Answer:

MNC's play an important role in the globalisation process. They compete with the local producers directly even after being miles apart, thus integrating the markets. Their working leads to exchange of investments and products which leads to interconnection between diverse countries.

Answer 2

• Globalization is a process by which the world gets interconnected to other places because of cross border trade of goods and services technology, information and people.
• Globalization has increased due to advancements in transportation and communication.
• Multinational companies have a very big effect on the globalization process.
• These break forms use the best raw materials from different parts of the world and the best manpower and machinery for the production of goods and services.
• These multinationals also promote international trade as the goods and services produced by these companies are available all over the world.