Mnc in Zambia

Development is considered and has been argued as one activity with the most numerous players by many development analysts, among these players of development are a group of players called the Multi-National Corporations (MNCs). However, there has been a strong intensity of controversy concerning the role of these MNCs in the development process of less developed countries (LDCs). Some group of development analysts argue that these players just advocate for retardation in the development process of LDCs and another group argues that these Multi-National Corporation play a significant role in the developmental process of LDCs. It’s to this end that the essay shall attempt to outline the roles of Multi-National Corporations to the development process of LDCs and to support the arguments with Zambia’s experiences. In the quest of answering this essay in a standardized format the essay shall first provide the key definitions of the essay. Secondly, Multi-National Corporations shall be focused on briefly. Thirdly, the roles both positive and negative of the Multi –National Corporations in the development process of LDCs shall be outlined with strongly utilizing illustrations of Zambian experiences to enhance the arguments presented. Upon establishing the outlined objectives the essay shall draw its conclusion.
Multi-National Corporations (MNCs) are defined as a huge industrial organization having a wide network of branches and subsidiaries spread over a number of countries (Barton, 1998:41), and Development is a multi dimensional process involving the process of change in structure, popular attitudes and national institutions as well as an increase in economic growth, reduction in inequality and eradication of absolute poverty (Todaro, 2009:11).
Multi-National corporations are found in almost all the advanced countries of the world, with USA perhaps the largest among them all (De Beer, 2000:253). Furthermore, their operations extend beyond their own countries and