1. The activity of Multi-national corporation support economic globalization. The impact of developing economies is not positive every time. How do you explain this issues? Give Examples.
Globalization has placed new demands on statistical agencies to provide the information necessary to inform policy in today’s increasingly interdependent world economy. This globalization has manifested itself in the interdependence of financial markets, the increasing role of multinational corporations (MNC’s), the transfer of technology, the increasing dependence of domestic markets on foreign trade, and the necessary interdependence of monetary, fiscal, and regulatory policy. Indeed, this interdependence in policy has led to increased demands …show more content…
Elaborate your views in the case of political involvement of Multinational Corporation in foreign countries. Do you think it is appropriate to involve in politics? Give the reason why or why not.
There is no doubt today that multinational corporations (MNCs), also called transnational corporations, which are companies with their parent headquarters located in one country and subsidiary operations in a number of other countries (host countries), are one of the principal actors in global political economy.
The MNCs view the world as a single entity. Their impact transcends all national boundaries. They make decisions not in terms of what is best for the home or host country of operations, but rather what is best for the corporations as a whole on an international basis. The basic principle on which these corporations operate is that they consider the entire world as their market. They organize production and marketing of products with little regard for national interest in order to maximize profits.
The contention is that the poverty, of the peripheral world is not an inscrutable natural phenomenon; rather, it is largely, but not exclusively, the result of exploitative globalization of their economies into the capitalist system in which the MNCs remain the principal