Understanding what is the role of MNCs in the globalisation process is essential to grasp how global economies are increasingly interconnected. Multinational corporations (MNCs) are at the forefront of this transformation, as they expand their operations across borders and influence trade, investment, and employment worldwide.
One of the most significant aspects of what is the role of MNCs in the globalisation process is how they facilitate the flow of capital, technology, and expertise between countries. By establishing production units in developing nations, MNCs contribute to infrastructure development, create jobs, and help local industries grow through knowledge transfer and training.
Moreover, MNCs enable the global availability of products and services, giving consumers more choices and improving standards of living. On the flip side, critics argue that MNCs can overpower local businesses and sometimes exploit labor or natural resources.
Balancing their economic advantages with ethical practices is key. Recognizing their role helps policymakers and communities benefit more sustainably from globalization.
