Despite the fact that the investment activity of multinational corporations in india are considerably lower than in developing countries such as china or russia, indian companies continue to expand rapidly in the global economy, using modern tools and strategies for internationalization. Multinational corporations while setting up offices bring in cutting edge technologies that help to boost the business and provide employment to a large number of people • a nation cannot generate huge investments on its own to upgrade the infrastructure in construction and power industries. Multinational corporations mainly refer to large corporations based in western europe, north america, and japan who operate manufacturing and other business facilities in underdeveloped countriesthese large global companies exert enormous economic, technological, political, environmental, and cultural power around the world.
For example, in the past, japan and china had opened car companies in india which have declined unemployed individuals in india however, there are some disadvantages of running multinational businesses in the undeveloped countries in which the most important is the exploitation of the labor. While multinational companies played a significant role in the promotion of growth and trade in south-east asian countries they did not play much role in the indian economy. If we make a short historical overview, we can say that first multinational companies date way back in the end of the 17th and the beginning of the 18th century, with the establishment of corporate bodies such as east india trade company in britain.
Mncs have equally made the worse of our men and our economy this aspect is equally true and do have many valid points to favour the same lets us check whether the mnc culture is a boon or curse for the country. Multinational companies are giant firms with their origin in one country, but their operations extending beyond the boundaries of that nation for reasons of marketing, financial and technological superiority, these multinationals are generally considered as a sine qua non of the modernisation of an economy. Multinational companies is a boon as well as curse to india with the interest in joining in the multinational companies the citizens of india are neglecting other traditional fields like lawyer, teacher, etc.
Multinational corporation in india boon or bane essays and research papers multinational corporation in india boon or bane multinational corporations in india meaning • multinational corporations (mncs) are huge industrial organizations having a wide network of branches and subsidiaries spread over a number of countries. In the present day world of globalization, multinational companies have played an important role in the development of home countries where the mncs are operating. Corporations in india and to study the impact of increasing global corporate on indian economy finally conclude that the role of the global corporate is crucial and their existence is indispensable however, their functioning needs proper regulation so as to ensure protection of national interests. Mireille writes in one of her articles (globalization and multinational corporations) that the influence of multinational corporations is replacing that of states over two thirds of the 100 largest economic entities are now companies and not states (mireilli, 2008.
Essay on multinational companies are a boon to indian economy essay on multinational companies are a boon to indian economy south street zip 10002 edit research proposal on freedom asap personal. Globalization a boon or a curse developing countries economics essay cannot compete against foreign multinational companies the indian economy to grow at a. Social studies essay proofreading for hire nature descriptive essay french and english relations essay, essay on multinational companies are a boon to indian economy top thesis statement writing site for phd. Wages of 3 billion people living in globally integrated countries like china, india, hungary and mexico rose, and the number of people in poverty declined the activities of multinational companies are based on the idea of globalization.
While multinational companies played a significant role in the promotion of growth and trade in south-east asian countries they did not play much role in the indian economy where import-substitution development strategy was followed. Being encouraged by india‟s growing retail boom many multinational companies also started to enter india‟s retail market according to the investment commission of india, the retail sector is. The multinational companies in india represent a diversified portfolio of companies from different countries though the american companies—the majority of the mnc in india—account for about one-third of the turnover of the top 20 firms operating in india, the scenario has changed a lot of late. On jan 1, 2016, la kaushal published the chapter: multinational corporations: a boon or bane for a developing economy - a study in indian context in a book.
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. It is a known fact that multinational companies contribute towards the growth of global economy they generate jobs and jobs are good for any economy on the flip side, mncs promote capitalism. Multinational companies are like a double edged sword, on one hand it creates jobs, brings technology, provides best practices to the industry on the other hand mncs work as lobby in influencing government policies in their favour and can lead to shutting down of local industries and product due to its economic and technological prowess. Significantly, the emergence of the world's first multinational companies - the british east india company in 1600 (establishing foreign branches throughout asia ) and the dutch east indian company in 1602 (with branches in asia as well ) truly set the stage for the global expansion of mncs.
Article shared by multinational companies are giant firms with their origin in one country, but their operations extending beyond the boundaries of that nation for reasons of marketing, financial and technological superiority, these multinationals are generally considered as a sine qua non of the modernisation of an economy. Multinational companies (mncs) are believed to play a major role in the economies of developing countries ideally mncs have contributed substantially towards the growth of developing countries mnc is most simply defined as a corporation or enterprise that conducts and controls productive activities in more than one country with the head. Advantages and disadvantages of outsourcing essay advantages and disadvantages of outsourcing outsourcing is an allocation of specific business processes to a specialist external service provider most of the times an organization cannot handle all aspects of a business process internally.