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Multinational Firms are a Force for Progress - Coursework Example

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This coursework demonstrates multinational firms as a force for progress. The author of this paper outlines the role of multinational companies in the world, advantages, and disadvantages due to the local economics and economics of the world…
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Multinational Firms are a Force for Progress
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Download file to see previous pages This report seeks to clarify this debate by evaluating the work of other researchers. Following the literature work of other researchers, relevant theories including Neo-Classic theory and Global reach has been discussed. Finally, the analysis has been done to reach a conclusion.
Multinational companies have been a force for a century and one group of people believe that these companies have their root in the British East India Company of the 18th century; whereas, the other group believe that root of these companies is in 17th century Dutch (VOC) Verenigde Oost Indische Compagnie (Hijzen & Swaim, 2008). The point of Hijzen and Swaim highlights the point that multinational firms have been a force for a century now and their emergence is not a recent phenomenon.
It is interesting to note that most of the researchers do agree that multinational firms are a force. A general argument is that inward investment made by the multinational firms is a force for political, social and economic progress of the state for improving the rights of people, however, this approach is limited because various governments are very repressive (Kuhn). Multinational firms appear to exert a powerful force in the developing country especially in the provision of health and safety and they are even more influential than governments and local cultures (Ladou, 1996, pg. 363-366).
Multinational companies not only influence the host countries but they have a strong impact on both home and host states. Japan and the United States are two major countries which are either the home countries or sources of FDI in the world, therefore, the role which MNEs are playing in both of these countries are directly influencing the decisions of policymakers and private sector leaders (National Academic Press, n.d., pg.16).
The strong influence of multinational firms is insisting the governments regulate the operations of these giants. Economic regulation of a multinational world is a complicated process because it is very technical and political.  ...Download file to see next pagesRead More
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