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 [...]
In this article we will discuss about how to measure economic development in India. GNP as a Measure of Development: It is now important to explain how economists measure development. Prior to 1970, economic development was generally meant to be sustained increase in the productive capacity of a country over a period and was interpreted in the same sense as [...]
Despite shortcomings of per capita income as a measure of development, the World Bank, International Monetary Fund (IMF) and other international agencies consider developed and developing countries in terms of Gross National Income (GNI) per capita. The World Bank classifies different countries of the world on the basis GNI per capita representing their development status. The figures of GNI per [...]