When there is a clamouring for the optimisation of resources in every imaginable field it is certainly quite difficult to imagine a scenario wherein the prosperity of one section does not jeopardize the existence or the health of another. To assume that there can be progress without giving up something is being quite nave, to say the least…
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However, to most people in the developing world there is this grudging acceptance (often tinged with a strong dose of denial) of the benefits of allowing a multinational firm to function on their soil.
To most parts of the developing world, 'Capitalism' is a mantra that is probably one of the surest ways of achieving economic stability not just for the individual, but also for the country as a whole. "The essence of capitalist exchange is to proceed from money to money by way of commodity and end up with more money than one had at the outset." (Raymond Aron 1967). Does this sound quite lop-sided Well, to a person or a firm who has decided to bet his last dollar on making it big in a country that is not his own, there is every cause to make the most of what can be got. Over a period of time, one will be able to assess and evaluate the quantity and quality of the resources that are available in this new country. However one-sided the argument of a capitalist may seem to be, there is no doubt that expansion of any firm involves certain losses, the pinch of which is usually felt by the developing world. There is this constant rat-race for economic prosperity, marked by large-scale trade-offs that are more often than not, worth the reward, over a period of time. To the capitalist, this is the essence of success, a tangible measure of progress.
The socialist perspective:
There is no doubt that Communism as an ism has all but disappeared from the present day world. In spite of this, there are remnants of this ideology which are very powerful in many parts of the world even today. When one talks about the rights of the worker or the son of the soil for that matter, there is this overriding imperative to take care of his needs before all developmental issues are even thought of. There is always the fear that the advent of multinational corporations would first exploit workers and then alienate them in their own homelands. A fear that has taken root in many parts of the world today, sparking off protests against the entry of multinational firms into a country. As opposed to indigeneous firms that are aimed at taking care of the land and labour without exploiting any resource, socialists believe that the entry of multinationals will spell the beginning of the end as far as economic independence is concerned. "The social relations within which individuals produce the social relations of production, are altered, transformed, with the change and development of the material means of production, of the forces of production." (Karl Marx, 1963 ). To be a stranger in your own homeland is probably the worst nightmare of any individual. The exploitation that can become a reality with the advent of capitalistic advancements in economic development could certainly contribute to a certain level of alienation among the working class. This would in turn lead to a lack of confidence in the entire system of economic and industrial development. "The worker is related to the product of his labour as an alien object." (Karl Marx, 1977). It is this kind of alienation that forms the indestructible root of protests and disillusionment in the system.
Over the years there have been sociologists like Emile Durkheim whose functionalist views formed the bedrock of economic developm
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“Multinational Corporations Essay Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/miscellaneous/1516274-multinational-corporations-essay.
In this context, many firms chose to promote similar policies in regard to their various sectors aiming to reduce relevant risks. In the HRM area such practices are quite common. In fact, it has been proved that a high percentage of organizations prefer to transfer their home-country human resource management policies to their overseas subsidiaries.
There are many multinational corporations in the world today. For instance coca cola, Barclays, shell, Guinness Breweries, DHL, IBM, MTN and others. The presence and establishment of MNC in developing countries has brought a lot of debates all over the world.
The expansion of these elements, particularly FDI, has surpassed the intensification of production. Consequently, the overall outcome is an ever more mutually dependent international corporation. Only since the past decade did the world witness massive volumes of FDI crossing international borders (Levy-Livermore 1998, 147).
The manager has a variety of internal and external tools available to delay the cash disbursements and accelerate cash receipts to maintain a good cash flow. However, these tools are required to be applied intelligently. The importance of exchange rates and their role in the working of international financial markets is also very important.
Multinational corporations manufacture products in many countries and sell to consumers around the world. Money, technology and raw materials move ever more swiftly across national borders. Along with products and finances, ideas and cultures circulate more freely.
the ability to produce the goods and services at lower costs.
An example of Multinational Corporation is the Coca cola Company which is the largest beverage manufacturing company in the world. The company has been in existence since 1892 and manufactures, distributes and markets non-alcoholic beverages and syrups globally.
Allegations against these profit seeking corporations include destructive competition and insidious plots to economically and politically manipulate entire economies. Maybe the worst charge is that multinational corporations are methodically
e that majority of MNCs are multinational corporations which means that they are publicly owned and are listed companies in major security exchanges in the world. Typically, when one sees references to MNCs in the famed business press, the reference is usually to multinational
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