Multinational Corporations: Are they Devils in Disguise?

Hello friends,

In my point of view every coin has two sides.

Today's scenario in our country rich person get more rich, poor person still poor and middle level person is struggling for better future.

And another thing is in our country every year passed many of doctors and engineers. So, it is not possible all of get job in government organization.

Positive aspects,

- It provide better employment with handsome salaries.
- Provide better infrastructure.
- Provide better technology.
- Increase economy of the country.
- Provide better quality product at lower rate.

Negative aspects,

- MNC'S always thinking about their profit.
- It effect on employees health because of tension, completion of work before deadline.
- Prize of our rupee is decrease.

But negative aspects is reduce if government makes a rules for MNC.

Like.

- Employee do a work in MNC for particular decided hours.
- MNC also support our social work and also in charities.

Thank you.

In my opinion yes it is truth that these so called multinational corpoations are devils in disguise though they never meant to be so.

I will explain It how.

There are many multinationals who expect the candidate to be ready to work for their organisation at a meagre salary. Considering the inflation rate it isn't good for the citizens of our country. They make profit but the employees who suffer like donkeys have no future.

I heard recently that the new bill passed in Loksabha is stating that the workers in private organisations are not given any right to protest against the injustice happening to them. So no more strikes will occur in private sector. It would depend on their management whether the salary hike n some other facilities and privileges are to be given to employees or not. The workers have no right to make unions and then go on a strike for putting up a protest against their issues.

Government needs to have some hold over these institutions. Their should be minimum wages fixed considering the inflation rate which is constantly going up. Such a hold is required for the purpose of employee welfare.

In my opinion, multinational companies are not devils but boon to Indian economy. I think they bring lot of benefits to our nation. For example, people working in multinational companies are getting lot of opportunities. People are exposed to different cultures around the world. Moreover, when you compare multinational companies to government institutions, They are more advanced in usage of technology.

Government does the job in very lethargic way. But multi national companies do the work in efficient, systematic way. For example, government giving work of the projects to multi national companies. So, government itself recognizing multi national companies work force. But there negatives effects of multinational companies like they give pressure stress to the workers in completion of the work. Moreover, increase of rupee value is of the major ramifications multi national companies. But they are more beneficial than government institutions.

The term MNC by definition means, any company registered in many countries for its business purposes. Now whether MNCs are good or bad or us, needs to be.

Analyzed in two terms:

MNCS setting up business offices in India.

I find this definitely encouraging for our economy. Ours is a country with youth dominance. Unfortunately, we can not provide employment to all of them, so inviting some reputed international company to set us their business in our country is productive. Moreover we get exposed to the new technology, better processes and international competency.

But here, a certain checks need to be put.

Firstly, such companies should have an increased CSR mandate, so that they are Bound to give back to our society.

Secondly, there should be strict pollution control protocols. For it may so happen, that these guests companies have little consideration for our national natural heritage.

Thirdly, there are lot of complaints about work pressure in these companies, if this is really affecting the health and lifestyle of our people, Govt can set up a regulatory body there too.

Now we talk about our people working at different business location. Even this is good for our country. If our people are that talented, that some business giants are ready to invest in them, why should we stop them? Even when we can't do justice to their capabilities. Our folks working abroad can learn new technology,

Get exposed to better working conditions, earn a lot more, and learn new cultural things too if they are life enriching to make this profitable for our people at home, we can have increased taxes for them. If brain drain really increases, we can put a restriction on the number of years one can spend abroad. Our Indian people are so much talented, that we want to set certain policies with the MNC to increase their payrolls and to give back to our country,

They may happily oblige. If these are taken into consideration, MNCs can not be bad.

Hi all. I would like to share my view on MNC's and their effect on the economy of the host countries.

Mnc's are large corporations operating internationally engaging in the production of goods and sales.

Mnc's set's it's production facilities in several countries and utilizes it's natural resources which is abundant in host countries, in turn making it cost effective.

So the entry of mnc's globally has led to many positive as well negative implication in the host countries economy.

With the liberalisation of our economy in 1991 we have seen horde's of mnc's entering our economy and making use of it's rich resources.

Now the implications of mnc to Indian economy has been a matter of discussion since then.

Let us understand what the critics and supporters has to say about the mnc's and it's consequences.

Supporter's to Mnc's state the following reasons:.

I). Employment : Mnc's undoubtedly create more employment opportunities.

II). Skilled labours : Not only it create employment opportunities but also trains them to become a skilled labour.

III). Technology : Mnc's introduces latest technologies.

IV). Bilateral ties : it strengthens the bilateral ties between host and the home countries. Critic's argue that.

I). Excessive profits : The main aim of mnc's is to earn profit in a short term by making excessive use of the available resources. Critic's argue that in doing so, mnc's are not worried about the long term implications, which will be affecting the resources of the host countries.

II). Westernization : Mnc's are charged of westernizing the host country.

III). Technology : it is true that Mnc's will get advanced technologies to the host countries, but in turn it also leads to unemployment as these Technologies make use of less man power.

IV). Quality : It is said that quality of the product produced by Mnc's are of inferior quality to That which are being marketed to developed countries.

V). Monopoly: Mnc's are accused of monopolizing the markets and wiping out the domestic companies.

Considering the arguments from the both sides, we cannot rule out the fact that mnc's is both a boon as well as a devil in a disguise.

But I do feel that with proper norms and conditions from the government, Mnc's can be kept at a check.

Steps has to be taken to see to that.

I). Mnc's abide to the laws of the land.

II). Fair competition exists in the market between mnc's and domestic companies.

III). Quality check has to be done regularly from the concerned departments.

IV). It has to respect the Labor laws and should act in accordance to it.

Hi Friends.

Firms which have presence in many nations can be roughly termed as MNC's.

These are usually big corporations with vast area of work. They usually provide high salary to their employs, better living standard and a better shot at constantly improving in their life.

However they are often blamed for extracting too much work at all costs, violating human rights, spreading western culture and blah blah.

But still the horde of people to enter into MNC's is not decreasing rather increasing. This trend itself speaks that people are very much dissatisfied with the domestic companies which treat their employees even worse and pay lesser salaries with narrower growth prospects. So before blaming the MNC's we must look into our own economy and industries.

A foreign company when enters a country set up its working rules according to the laws and regulation of the government and also by gauging the mood of the society. And we Indians are from the very onset of our school education are over-worked. Being over-worked has become a part and parcel of Indian society and the MNC's just try to cash on our very tradition. And yet we think that they are the culprits.

I completely disagree with the topic. No MNC are not at all Devils. Rather they are like a hope of ray in dark night. Seeing the cut throat competition across the nation only those who get their education from big institutions are able to Crack those government jobs exams where the vacancies are very less so people getting employed at these posts get their dreams but what about other people.

Haven't they completed their GRADUATION? Aren't they capable for the job? The answer is no. Yes they are capable of doing all these things but what they don't get is the opportunity so for these students the MNC come up like a ray of hope and provide them with good job and awesome salary package. Although it's true that in MNC they make us work for huge hours but it's well said 'no pain no gain' so the more effort we put up, the more we get admired and thus get promoted same way.

One should not forget that although British Empire came into India and ruled over us but it's because of them only that we can see the huge changes in our county be it the great India museum of Kolkata, the big big building in Mumbai, metro etc were introduced by them and to them we are thankful even today. So it's not at all unfair to use manpower for work unless we are not being paid for what we are doing. So MNC are doing a great job in developing a nation regardless of its economy or where it stands.

Thank you.

As we all know that before 1990 our country was suffering from the problem of low economy but after when mnc's came to our country, the economy of our country increased and in todays life our country has very good economy. Multinationals company provide employment to our country those who were unemployed, most thing I like is they don't give importance to our caste, region or quota for recruitment of employee.

Through MNCs we can buy product at low cost which we get at higher prices because of import duty.

I think in today's world of globalization if you want to stand with others you should know all strategies and all technologies. It is the MNCs through which we have a better standard of living and our lifestyle also changed.

So I think they are not devils but as we know everything has both good and bad aspects. But they have more good aspects than bad. So overall we can say that they are boon to our country.

Multinational companies is a boon as well as curse to India. With the interest in joining in the multinational companies the citizens of India are neglecting other traditional fields like lawyer, teacher, etc. The growth of multinational companies may result in the less development of other sectors in a country like agriculture, small scale industries. They are the backbone of the country. There is no safety for ladies as there are night shifts. There is a chance of getting depression due to high competition existing in the multinational companies.

MNCs are good as they pay more wages than the Local Companies. For example, one of my neighbour designed a software. It was then shown to an Indian Company who were not willing to pay more than 2 lakhs. But when he showed it to a MNC, he got 200,000 Euros! So MNCs are better!