the advatages are: 1) Multinaltionals provide much neede investments in the Caribbean economies2) they are valuable source of taxation, revenue and forgien exchange3) they create employment4)They encourage positive work ethics5)allows access to markets already created
What are the advantages of multinational companies to the developing countries?
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Yes
Multinational companies play an important economic role in developing countries. One example is the ability of multinational companies to fill a country's trade gap by providing an influx of foreign capital.
Developing countries have the ability to set their own paths. They can choose to offer cheap labor in order to strengthen their economy.
There are a few Advantages are also associated with multinational businesses - The investment level, employment level, and income level of the other countries increases due to the - operation. - The domestic traders and market intermediaries of the other countries gets increased business from the operation. There are a few Disadvantages are also associated with multinational businesses - Their profits out of the other countries in Dollars that causes a reduction in foreign reserves for other countries - Increase the dependence of the other countries on their parent countries that may affect the foreign policy of other countries.
obviously the advantages are financial. the disadvantages would be pollution to there environment.
Multinational companies exist so they do businesses with other countries. Multinational countries follows the law and regulations of the countries they work with.
Patrick Okecho has written: 'Losing the plow: African developing countries, multinational enterprises and the transfer of technology'
There are two main reasons why a firm will build a facility in another country: 1) They want to have a manufacturing facility closer to one of their larger markets. 2) They can manufacture their products more cheaply overseas due to cheaper labour costs.
Multinational corporations often exploit lower-cost labor in developing countries, contributing to income inequality between nations. They can also exacerbate environmental degradation in countries with weaker regulations, further perpetuating global disparities. Additionally, these corporations may engage in tax avoidance practices that deprive developing countries of much-needed revenue for social welfare programs.
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