MNC means Multi National Corporation. MNC company is the company where the company produces the goods in anywhere of the world and sells the goods in anywhere of the world is called MNC.
MNC is a company which has it headquarters in its home country. it can have its business in more than countries. but most of the assets controlled by the individuals of the home country.
MNCs is the company which run the business in other country but have head office in its own countries. In other words we can say export all its product in other countries and handling from its own country.
A corporation that has its facilities and other assets in at least one country other than its home country. Such companies have offices and/or factories in different countries and usually have a centralized head office where they co-ordinate global management. Very large multinationals have budgets that exceed those of many small countries. Investopedia explains 'Multinational Corporation - MNC'
Nearly all major multinationals are either American, Japanese or Western European, such as Nike, Coca-Cola, Wal-Mart, AOL, Toshiba, Honda and BMW. Advocates of multinationals say they create jobs and wealth and improve technology in countries that are in need of such development. On the other hand, critics say multinationals can have undue political influence over governments, can exploit developing nations as well as create job losses in their own home countries.
Existence of MNC in the World
The world’s multinational corporations – 63,000 of them at last count – frequently find themselves the target of criticism by the world’s anti-globalization protesters. MNCs, the protesters charge, are principally responsible for the impoverishment of many of the world’s six billion people.
While global corporations have unquestionably brought greater wealth, power and opportunity to the poor world, especially China and India, according to the World Bank some two billion people still live in countries or regions that have been left behind, becoming in fact less globalized. In these places trade has diminished in relation to national income, foreign investment and economic growth have stagnated, and poverty has risen. Most Africans were better off 40 years ago. The average per capita income of Muslims – from Morocco to India and beyond to Indonesia and the Philippines – is half the world average. Thus while globalization has benefited many, one-sixth of the world’s people live in what the International Finance Corporation calls “deep poverty,” as described in a 2004 speech by Peter Woick.
The causes of poverty are many and varied. Rightly or wrongly, many blame the corporations that drive globalization. Belligerence is escalating. For example, at a recent meeting of the World Economic Forum anti-globalization protesters waved signs reading: “Our resistance is as global as your oppression.”
How helps MNC
MNC involvement is crucial to poverty reduction for two reasons: First, the reduction of poverty depends on the growth of business, especially small, domestic businesses. And increasingly for a local business to flourish it must have access to the world: to markets, credit, and technology, all facilitated by MNCs. The second reason is less obvious and more controversial: Poverty reduction requires systemic change, and MNCs are the world’s most efficient and sustainable engines of change. They provide political leverage with local governments; they offer opportunity for people who are convinced there is none; they motivate the young to learn and organize to gain power; they build roads and hospitals and other infrastructure. MNCs in developing countries are often the first choice for private sector jobs by young people, who are attracted by the higher salaries and the learning opportunities. And wise governments get the private sector to do as much spending on infrastructure as possible in order to protect their own treasuries. BUSINESS...
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