What is the role of MNCs in the globalisation process? (OR) How are

1.	What is the role of MNCs in the globalisation process? (OR) How are multi-national companies promoting Globalisation? Explain.
Answer» 1. Multi-National Companies (MNCs) are looking for cheap locations for their production. 2. Foreign investment in developing countries has been raising. 3. A large part of the foreign trade is controlled by MNCs. 4. More and more goods and services, investments and technology are moving between countries. 5. MNCs, bring not only their products to a country but also the new business policies and cultures. 6. Most regions of the world are in closer contact with each other than a few decades back by MNCs. Thus, MNCs are playing major role in the globalisation process. 7. MNCs are helping in increasing competitiveness among native companies. 8. Latest models of vehicles in different countries are introduced by the MNCs in the globalisation process.

What is the role of MNCs in the globalisation process? (OR) How are multi-national companies promoting Globalisation? Explain.

Answer»

1. Multi-National Companies (MNCs) are looking for cheap locations for their production.

2. Foreign investment in developing countries has been raising.

3. A large part of the foreign trade is controlled by MNCs.

4. More and more goods and services, investments and technology are moving between countries.

5. MNCs, bring not only their products to a country but also the new business policies and cultures.

6. Most regions of the world are in closer contact with each other than a few decades back by MNCs. Thus, MNCs are playing major role in the globalisation process.

7. MNCs are helping in increasing competitiveness among native companies.

8. Latest models of vehicles in different countries are introduced by the MNCs in the globalisation process.

Discussion

No Comment Found

Related InterviewSolutions

Globalisation has created new opportunities of A) employmentB) emerging multinationals C) providing services D) all of the above
How has globalisation impacted on India and how is India in turn impacting on globalisation?
‘Globalisation’ has NOT badly impacted the lives of A) MNCs B) Tribal people C) Landless workersD) Unorganised sector workers
What was the idea behind developing Special Economic Zones (SEZs) in India? (a) To attract foreign companies to invest in India (b) To earn foreign exchange (c) To make India financially stable (d) To make India a developed country
How many countries are currently the members of the World Trade Organisations? (a) 140 countries (b) 145 countries (c) 159 countries (d) 149 countries
How has foreign trade been integrating markets of different countries in the world? Explain with examples.
How has globalisation been advantageous to both the producers as well as the consumers in India? Explain.
What is the most common route for MNC investments?
What is the full form of WTO? (a) World Transactions Organisation (b) Wealth Trade Organisation (c) World Trade Organisation (d) None of the above
WTO is dominated by countries like ......... . (a) U.S. and U.K. (b) China and France (c) India and Japan (d) Ireland and Germany