In this article we will discuss about:- 1. Introduction to Multinational Corporations 2. Spread of MNCs 3. Role 4. Adverse Effects 5. Regulations 6. MNCs and India. Introduction to Multinational Corporations: An important development in the post-war period is that of the spread of multinational corporations (MNCs) as the vehicle of foreign direct investments. These are also called as Transnational [...]
The first and foremost economic explanation of underdevelopment or the existence of mass unemployment and poverty of today's developing countries is that in them there has come about a serious imbalance between population and productive resources, especially the stock of capital. This imbalance between resources and population has manifested itself not only in low per capita income and poverty but [...]
Adam Smith is known as father of economics. We get his ideas about economic development from his well-known book, “An Enquiry into the Nature and Causes of Wealth of Nations” (1976) which has tremendously influenced the thinking about economic growth and development. We briefly explain below his ideas about economic development. We will study below that he advocated the policy [...]