In this article we will discuss about the Multinational Corporations (MNCs):- 1. Meaning and Importance of MNCs 2. Origin of MNCs 3. Growth 4. Effects 5. Conclusion. Meaning and Importance of MNCs: A powerful influence on patterns of world trade and factor movements is the multinational firm. A multinational corporation is a company with headquarters in one country or but [...]
A Critique of Multinational Corporations: In recent years foreign direct investment through multinational corporations has vastly increased in India and other developing countries. This vast increase in investment by multinational corporations in recent years is prompted by factors. (1) The liberalisation of industrial policy giving greater role to the private sector, (2) Opening up of the economy and liberalisation of [...]
Role of Multinational Corporations in the Indian Economy! Prior to 1991 Multinational companies did not play much role in the Indian economy. In the pre-reform period the Indian economy was dominated by public enterprises. To prevent concentration of economic power industrial policy 1956 did not allow the private firms to grow in size beyond a point. By definition multinational companies [...]