Multinational Corporations: Are they Devils in Disguise?

According to me MNC's are not at all devils. Many of our friends are saying that MNC's make the employers to work for more hours but every man achieves his/her goal by working hard.

Without working hard man cannot be benefited.

Govt jobs offer less work but at the same time salary is not satisfactory.

MNC's help in technological development in our country.

As all the point have been already discussed here. I also would like to share my point of view. According to me, Multinational corporations have put a great impact on our economy but as well as it involves disadvantages also.

The pros and cons of the multinational corporations are:

1. They provide huge employment
2. Bring new technology and invention to produce good quality products at low cost.
3. Due to multinational corporations, A healthy competition environment is being developed.
4. The taxes which are being paid by multinational corporations help to improve national revenue.

Cons are:
1. The moto behind the multinational corporations is only profit. So at some points, it's not good for our country.
2. They want to occupy market and it's put bad impact on domestic Business.

Mnc means multinational company it has facilities and other assets in at least one country other then it's home country there are so many MNC companies are there in that top and companies are;

1. Micro soft.
2. Coca-Cola.
3. Nestle.
4. IBM.
5. Pepsi Co.
6. Tata group.

In my way MNC, are good it gives employ many to the unemployed people.

As our country, India is the largest democracy in the world and so its youth population is largest in the world or you can say unemployed youth. In such scenario, the multinational companies are just paving a way for many of our educated youths who. Could not make to the government sector. The rush and competition is increasing day by day and a single sector could not quench this thirst of unemployed youths searching for better prospects better upliftment. The MNC's, on the other hand, provides handsome packages according to individual's skill, better incentives, better additional facilities and last but not the least the name in itself says multinational provides exposure in the way to deal better with the outer world.

I think Multinational Corp is not devil for our country because it helping to our citizens to provide jobs. Unemployment is the one of the biggest issue of our country. Because of MNC so many youths are get rid of unemployment. MNC's provide advanced and sophisticated technology to our country. They provide quality product at cheap cost. But I also want to say that because of MNC's small industries are also get effected. MNC's also helps us in our economic growth. Because of MNC we have both so many advantages and disadvantages.

Hello friends.

Everyone wants profit in their business. Is their anybody who doesn't want it?

I think there will be no one like this. MNC's have total grip on today's world economy. They control each and every aspect in the economy. Their sole aim is to increase their profits, expand their business, modernize their machinery and managerial skills.

But besides this they are providing employment to many people. It can bring the capital from the world banks or can separate a share from their profits. They provide sophisticated training to managers in that country. It increases country's foreign exports and decreases export which in turn helps to maintain foreign receipts and payments. It also provides scarce goods in a country at a cheaper rate by importing raw materials from other countries.

Thus MNC companies try to reduce regional imbalances and puts its best effort to the growth of the world economy.

In today's world, MNCs are definitely very important to meet the needs of the growing population and increasing the employment but the problem in India is that the profit mainly goes to the foreign countries, what should be done is that rather than allowing these MNCs to invest in our country our own investors should come forward and government should promote them to start small business, production firms which will provide employment as well the financial, economic and technological status of our country.

In a country the total economic empowerment and development of GDP solely depend upon inflows of currency, the current account deficits will be narrowed only due to inflows of huge currency the inflows can't be as huge that required for a country's economy unless a MNCS that may be foreign or indigenous has not invested in a country.

Companies are the driver of economy the country will be more developed only when it will be industrialized. This industrialization can't be done only with our own company. Some foreign partners are also required to increase the competition and more inflows. Yes some action should be taken to control these MNC from outside. Some policy should be developed so that the MNC should not use our resources to develop their own country.

I don't believe multinational companies are devils. MNC company provided many job opportunity and more than that it reduced unemployment rate. It uplifted the life's of common people.

In my opinion, MNCs in India working for other countries. The MNCs for those who are highly skilled and educated. Since every MNC engaged in making a huge profit so they employ those people who are skilled from the money of Government of India. They are not providing any skill training to the youth of our country. Still, today more than 50% people are engaged in agricultural sector which requires non-skilled laborers. But not a single MNC is coming in the field of agriculture. A large number of farmers are attempting suicide due to heavy debt. They remain poor and those rich becoming richer and richer. MNCs are acquiring huge land of farmers instead of providing training to those whose land has been acquired they are hiring people from top IITs and NITs. Even there are many engineering colleges but they are not able to provide skilled engineers. Due to these MNCs the semi-skilled and street vendors, and other small traders are losing their ground. There are many cases of fake product made by these MNCs. The Government should be made rule regarding MNCs that they have to adopt at least one person from each house whose land they acquired and trained them to work in that MNC. Those whose don't follow this rule should be barred and impose fine. India is an agro-based country so government should encourage the MNCs based on agro-product to invest in the country.