write the role of multinational corporations in the globalization process.
Answers
MNC stands for multi national corporations , that means companies that are operating around the globe and have business interest in many nations.
Mnc acts like a door way to globalisation in any economy. The presence of a foreign company provides a possibility of collaboration with the local business house and get an international platform.
So the multi national corporations are some how “ creator of globalisation “ in any under developing economy.
MULTINATIONAL COMPANIES ( MNC) SETUP THEIR BRANCHES IN DEVELOPING COUNTRIES AND HELP THEM TO GROW.
THEY HELP THE TOP COMPANIES OF THE DEVELOPING COUNTRIES TO EMERGE AS MNC. EXAMPLE : INFOSYS
THEY IMPROVE THE LIFESTYLE OF PEOPLE AS PEOPLE GET A VARIETY OF CHOICE AT A LOW PRICE
THEY HELP PRODUCERS SELL THEIR PRODUCE AT VARIOUS COUNTRIES
THEY HELP PEOPLE GET JOB AT SOME SECTORS