What are multinational corporations in Trinidad and Tobago's limitations?

Answer 1

Multinational corporations (MNCs) in Trinidad and Tobago face several limitations, including regulatory challenges and bureaucratic inefficiencies that can hinder their operations. Additionally, fluctuations in global oil and gas prices, which significantly impact the country's economy, may affect MNC profitability and investment decisions. There is also a reliance on a narrow range of industries, making MNCs vulnerable to market shifts. Furthermore, local competition and the need to adapt to cultural and consumer preferences can pose challenges for these corporations.