The Role and Impact of Multinational Corporations in the

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The role and impact of multinational corporations in the world economy. Introduction: Looking around. Before we will start our topic under consideration, let me draw generalized picture form our everyday lives. Imagine that you are coming back home from your lovely work. You are driving your Volvo car of 2002 model year, during this you are talking with your darling, by your new Nokia N97, and she promise to be at home after one hour and cook for you dinner. After 20 minutes you are at home, you need something to eat before your darling cook for you. You are so hungry, and you open fridge and find there your favorite “Nutella”, you decide to make some sandwiches with it, after that you take “Dynamisan” vitamin, and then you go to the sofa to watch you Sony TV and wait for your darling… And now stop and become thoughtful, all four things, which I have mentioned here, are produced by the Multinational Corporations (MNCs): Ford Motors, Nokia, Nestle SA, Novartis and Sony Group. And from this point we can see to what extent MNCs are prominent in our daily life and whole world economy. Of course this fragment is generalized, but nevertheless things we are using every day in majority of cases are produced by MNCs, but these in turn are creating working places, building factories and making investments in research and development. As we have already mentioned MNCs are playing significant role not only in our lives but also in a whole world economy and going with my discussion further I want more clearly consider this question, but first of all we need to have comprehensive definition about what is MNCs. As we have already understood MNCs are not just ordinary firms and their activities range from the extraction of raw materials to the producing to high – technology productions. What is more, they are firms that control production in two and more countries, with multinational employment and cross – border investment, investment in manufacturing as well as in research

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