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9/12/2020 Multinational corporations - Saviours or saboteurs

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Multinational corporations – Saviours or Creative & Abstract


Topics for Group
saboteurs Discussion

Political Topics for


Group Discussion
Globalization is not a new concept for anyone. It has
allowed the various countries to opt for the international Ethical & Social topics
business, trade and investment. It is more of the cross for Group Discussion

border trade relations. In this whole world of globalization, General Interest Topics
the trend of Multinational Corporations was started. These for Group Discussion

are the companies who form the base for the increased Sports Topics for Group
global transactions and foreign trade. MNCs carry out their Discussion
operations in more than one country. In this fast changing
world, what do you think, are multinational corporations’
saviours or saboteurs?

Saviours

• MNCs are the way to carry out the cross border trades or
attract the foreign currency to the country.

• Multinational Corporations are creating endless jobs for


the unemployed people in the developing countries.

• The products and services provided by the multinational


corporations are of high quality and at the most
competitive rates.

• It enhances the economic globalization leading to an


improved per capita GDP growth and narrowing the gap
between the various sectors. ▲
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9/12/2020 Multinational corporations - Saviours or saboteurs

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• It results in the better relations between the different
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countries and enhances the economic interdependence of
national
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• It encourages mergers and acquisitions helping the


companies to achieve the economies of scale.

Saboteurs

• The multinational corporations are more concerned about


their own profits, no matter if it comes at expense of
consumer’s interest.

• Multinational corporations are large dominant players


that become a real threat for the small firms in the
developing countries.

• The multinational corporation can even strengthen their


economies of scale that can cause a potential harm to the
local economy of any developing country.

• Multinational corporations are well known for exploiting


the labours as they don’t pay them enough wages and
salaries.

• The drawback is also seen in the tax segments where


they are not liable to pay the taxes in the operating
countries.

Conclusion

Like everything, multinational corporations have their


equal shares of pros and cons. At some points, they are
the best option and at some places are not at all
acceptable. However, with the globalization it is necessary
for the developing countries to encourage cross borders
trades and that is possible only when the multinational
corporations are allowed to operate in the country. It is
best for the developing countries to accept them, but with ▲
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9/12/2020 Multinational corporations - Saviours or saboteurs

some set of rules and restrictions, so that no undue


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advantage is taken by the companies on the cost of local
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people or economy.
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Discussion
RE: Multinational corporations – Saviours or saboteurs -
Deepa Kaushik (06/21/14)
MNCs are undoubtedly the saboteurs for the developing
countries. These are slowly eating up the economy of the
developing countries by getting their way in through lucrative job
opportunities. They pretend to be helping out in solving the
unemployment and providing sufficient income to the citizens of
their host countries, but the actual scenario differs when we
carefully analyse the employment status in their own country as
compared to the host countries.

Though the wages are above the average income of the citizens
within the developing nations, still these MNCs indirectly make
people as bonded labours getting the best and fullest out of the
employee with a meagre income. The employee rules differ
immensely as compared to their own citizens. Also, the extra
benefits are totally cut down, getting overtime done within the
same wage.

This is posing as a great threat to the economy and the freedom


of the country. These MNCs have gained confidence and
attracted the poor citizens with their lucrative offers, and the
developing countries own employment opportunities suffer due to
lack of manpower. This greatly affects the revenue for the
country, instead they work to generate revenue for some other
nation.

With such a great danger of letting some other nation taking over
our economy, the MNCs can no more than a saboteur.
RE: Multinational corporations – Saviours or saboteurs -
divya (06/21/14)

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9/12/2020 Multinational corporations - Saviours or saboteurs

I m totally agree that the mnc's are saboteurs be oz they only


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want is to raised their living standard.
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They doesn't worry about the people's economy condition but
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to compete
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