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Multinational Companies - Economics, UPSC IAS Exam Preparation Video Lecture | Indian Economy (Prelims) by Shahid Ali
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FAQs on Multinational Companies - Economics, UPSC IAS Exam Preparation Video Lecture - Indian Economy (Prelims) by Shahid Ali
| 1. What is a multinational company? |  |
Ans. A multinational company, often abbreviated as MNC, is a corporation that operates in multiple countries, typically with a centralized management structure. These companies have offices, factories, or production facilities in different countries and conduct business activities on a global scale.
| 2. How do multinational companies contribute to the economy? | |
Ans. Multinational companies contribute to the economy in various ways. They create employment opportunities in the countries where they operate, stimulate economic growth through investment and innovation, increase exports and foreign exchange earnings, and often bring advanced technology and expertise. Additionally, multinational companies contribute to tax revenues and support local suppliers and industries.
| 3. What are the advantages of multinational companies for host countries? | |
Ans. Multinational companies bring several advantages to host countries. Firstly, they attract foreign direct investment (FDI), which boosts economic growth and development. They also transfer advanced technology and knowledge, improve infrastructure, and create skilled job opportunities. Furthermore, multinational companies often engage in research and development activities, which can lead to innovation and overall progress in the host country.
| 4. Are there any disadvantages of multinational companies for host countries? | |
Ans. While multinational companies bring several benefits, there can be disadvantages as well. Some of these include the exploitation of labor, environmental degradation, and the potential for monopolistic practices. Additionally, the repatriation of profits to the parent company's home country can result in capital outflows. It is important for host countries to have regulations and policies in place to mitigate these risks and ensure a fair and balanced relationship with multinational companies.
| 5. How do multinational companies impact domestic industries? | |
Ans. Multinational companies can have both positive and negative impacts on domestic industries. On one hand, they may bring competition, which can drive local industries to become more efficient and innovative. On the other hand, domestic industries may find it challenging to compete with the scale and resources of multinational companies. This can lead to the displacement or decline of certain domestic industries. However, with appropriate policies and support, domestic industries can also benefit from the presence of multinational companies through partnerships, knowledge sharing, and technology transfer.
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Nov 24, 2024 Last updated |
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