Multinational Corporations: Are they Devils in Disguise?

Hello friends,

I personally believe that MNCs are like benediction in the darkness in our nation, they lend their helping hand to the unemployed people of India with better package and other facilities. So why we Indian unemployed (specially with general category) wouldn't go to grab this opportunity.

Some people has already raised some points against the MNCs but if you think carefully then you would get that ultimately it is beneficial and it is leading us towards the development. Another important thing is, the MNCs are grooming our youths with a good work culture and good management and economic sense as well in compared to any other Indian companies.

And lastly, don't forget it also brings the foreign investments.

Thank you.

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.

Hello Friends.

Multinational Corporation (MNC) having business in many areas like BANKING, INSURANCE, MANUFACTURING, MARKETING, AUTOMOBILE INDUSTRIES, IT COMPANIES.

I AM NOT AGREE WITH DEBATE TOPIC, SINCE EVERYTHING HAVE PROS AND CONS.

Lets discuss process of MNC.

1. India is a developing country so it need employment of every citizen. MNC have business in many area and they (MNC) provide a huge number of jobs with attractive salary.

2. The GDP of the country also depends on the per capita income of the nation and when people have job in their hand GDP will automatically increases.

3. They (MNC) comes with new technology culture and this make a positive impact over the Indian people.

4. They are also credited for the import, export of goods, culture, education, science, technology from one country to another country.

5. MNC play a major role for bilateral tie between the country.

Here some cons of MNC.

1. MNC brings corruption, since they (MNC) are extreme choosy about what they want, they (MNC) do not care of health of employee, falling of rupee. Every time they (MNC) make their best effort to make all situation in their favor.

2. Small scale industries business man are being defeated by MNC. Since MNC have better technology, better tool to boost their business and they fulfill customer need and satisfied customer as compare to the Indian business.

3. They play a minor role to destroying Indian culture.

4. Drain resources from the country.

Hi, the MNC investment is the immediate need of the hour. Because it provides more Employment, enough technical skills to all the budding engineers who will get enough innovative ideas about the recent technology. As our beloved Prime minister SAID, " MANUFACTURE HERE, SELL ANYWHERE ". MNC's which provide enough share with the country, will help in increasing the purchasing value of the money.

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!

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.

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.

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.

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.

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.