1. Definition of multinational company which says that a company which serves more than one country at a time and small description about its background. 2. Main body contains:-
* Description about how multinational corporations give employment and remove poverty. * Role of these companies in enhancing local economies.
* Its impact on globalization.
3. Conclusion- about how multinational corporations are beneficial to the world. INTRODUCTION
Multinational companies have brought revolution in the world. Their role is very significant in our lives. The multinational corporation is defined as an association or organization which provides its services to not only to one country but to many countries of the world. The first multinational company of the world is Dutch East India Company which was established in 1602 by Britishers. The country which has the management headquarters of the multinational company is known as home country which offers its facilities to the other countries of the world. The countries which cherish the services provided by the home country are known as host countries. These countries are dependent on home country for business purposes. Multinational corporations have affected local economies as well as globalization. As these multinational companies deal with countries all over the world that’s why they are also regarded as international companies or transnational companies. These companies facilitate the people of the world with its specialized services and made our lives comfortable. BENEFITS
Multinational companies played a valuable role in the modern society. As multinational companies are growing, they have a deep impact on the economic development of the world. The main reason for multinational corporations to expand in different countries is the cost advantage. Multinational Corporation is able to reach the markets globally. The scale of global investment is controlled by these companies- just 1% of...