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Multinational Corporations - Essay Example

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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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Multinational Corporations Essay
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Download file to see previous pages 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.
There is
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 ...Download file to see next pagesRead More
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