Multinational corporations (MNCs) originated in the late 19th and early 20th centuries as businesses began to expand beyond their home countries to seek new markets, resources, and labor. The rise of industrialization, advancements in transportation and communication, and the need for companies to access raw materials and larger consumer bases facilitated this international expansion. Initially, MNCs were often involved in resource extraction and agriculture, but over time they diversified into various sectors, including manufacturing and services. Today, they play a significant role in the global economy, influencing trade and investment patterns worldwide.
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Hi All, You know that our country India is a developing country and have huge popoulation and unemployment and if we talk of MNCs, I think MNCs act as a window through which we can see the world because these are MNCs only my friends which can change the wood into our doors, the glass or mirror into our windows, which can change the soil into brick and bricks into our great great walls. Today because of too much competition MNCs are giving employment to our people not only in manufacturing but also in advertising. In this world my frinds, everyone is hankerig after money because it has become the modern god and MNCs are making money because it is there right. They are making money not by looting us but by giving us different type of products it depends upon us that how much preference we are giving to there products, they are not forcing us at all.
i of the view that mnc's are the way to move forward. rout which India would have been a failed state in the early 90's. when India was seein only unemplyed ppl on every parapet walls the opening gave them colour to life..... ppl were given jobs. if we need to l compete with other nations we need to have the back up of the mnc's.thus mnc's are a boon to be more precise god in disguise...
Multinational corporations (MNCs) can be controlled to some extent through regulatory frameworks established by governments and international organizations. These regulations can include labor laws, environmental standards, and tax policies that govern their operations. However, due to their size, resources, and influence, MNCs often have significant leverage over local economies and can sometimes circumvent regulations. Effective control requires cooperation between nations and robust enforcement mechanisms to ensure compliance.
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ITC Hotels Kingfisher Tata Steel Jindal CISCO
objectives of mncs
yes
microsoft
MNCs (multinational corporations) and the WTO (World Trade Organization) are similar in that they both operate across borders. MNCs engage in business activities in multiple countries, while the WTO is an international organization that promotes and regulates global trade. Both MNCs and the WTO play a significant role in facilitating the movement of goods, services, and investments on a global scale.
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ofcrs they r i hate them
aurion pro
Supporters of multinational corporations (MNCs) might argue that MNCs exploit LDCs by taking advantage of cheap labor and lax regulations, as this is a common criticism of their operations. However, they typically argue that MNCs bring economic growth, job creation, and access to technology and markets, contributing positively to the development of LDCs. Therefore, they would not argue that MNCs do not contribute to local economies in any way, as that contradicts their primary defense of MNC activities.
diff.between mncs and tncs
(i) MNCs set up offices and factories for production in regions where they can get cheap labour and other resources. (ii) This is done so that the cost of production is low and the MNCs can earn greater profits. (iii) At times, MNCs set up production jointly, with some of the local companies in these countries. (iv) Its twin benefits are-they can provide money for additional investments like buying of new machines for faster production and MNCs might bring with them the latest technology for production. (v) The most common route for MNC investments is to buy up local companies and then to expand production. MNCs with huge wealth can quite easily do so. (vi) Large MNCs in developed countries place orders for production with small producers. Garments, footwear, sports items, are examples of industries where production is carried out by a large number of small producers around the world. (vii) The products are supplied to the MNCs which then sell these under their own brand names to the customers.
(i) MNCs set up offices and factories for production in regions where they can get cheap labour and other resources. (ii) This is done so that the cost of production is low and the MNCs can earn greater profits. (iii) At times, MNCs set up production jointly, with some of the local companies in these countries. (iv) Its twin benefits are-they can provide money for additional investments like buying of new machines for faster production and MNCs might bring with them the latest technology for production. (v) The most common route for MNC investments is to buy up local companies and then to expand production. MNCs with huge wealth can quite easily do so. (vi) Large MNCs in developed countries place orders for production with small producers. Garments, footwear, sports items, are examples of industries where production is carried out by a large number of small producers around the world. (vii) The products are supplied to the MNCs which then sell these under their own brand names to the customers.