MNC can have a positive economic effect on the country where the business is taking place. Many multinational enterprises are based in developed nations.

Multinational advocates say they create high-paying jobs and technologically advanced goods in countries that otherwise would not have access to such opportunities or goods.

A multinational corporation (MNC) has facilities and other assets in at least one country other than its home country. multinational companies generally have offices and/or factories in different countries and a centralised head office where they coordinate global management.

MNC can have a positive economic effect on the country where the business is taking place. Many multinational enterprises are based in developed nations.

Multinational advocates say they create high-paying jobs and technologically advanced goods in countries that otherwise would not have access to such opportunities or goods. However, critics of these enterprises believe these corporations have undue political influence over governments, exploit developing nations, and create job losses in their own home countries.

The history of the multinational is linked with the history of colonialism. Many of the first multinationals were commissioned at the behest of European monarchs in order to conduct expeditions. Many of the colonies not held by Spain or Portugal were under the administration of some of the world’s earliest multinationals.

One of the first arose in 1660: The East India Company, founded by the British. It was headquartered in London, and took part in international trade and exploration, with trading posts in India.

From the Book – ‘ Know Everything about Corporate Social Responsibility ‘

Available on Amazon.in

Also Read: