Multi National Corporations; Are They a Boone or Bane to Third World Countries – Research Paper – tremaine155
Search
Essays
Sign up
Sign in
Contact us
Tweet
Index
/Social Issues
Multi National Corporations; Are They a Boone or Bane to Third World Countries
Multi-National Corporations: Are they a boon or bane to Third World Countries¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬†Oyewole Ayotunde¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬†ENG4U¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬†Ms ¬†Wilhelmina Amansec¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬†18 ¬†May 2016¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬†¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† Oyewole 1¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† Multi-National Corporations:¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬†Are they a boon or bane to Third World CountriesMulti-national corporations are fast-growing in the economy of today, most people ¬†believe it is not right for MNCs to take advantage of developing countries and that they should be expected to and should abide by the laws of human rights, other believes that they should take advantage of the opportunity and do what they believe is best. But developing ¬† ¬†countries (Third world) should be against multinational Corporations because these corporations can negatively affect the socio economic structures of the host nation or country.Most third world countries (developing countries) are former colonies, having gained independence, many of these ¬†countries, especially smaller ones were faced with the challenges of nation and institution building on their own for the first time, In the 1980s, economist Peter Bauer offered a ¬†competiting definition for the term ‚Äúthird world‚ÄĚ he claimed that the ¬†attachment of third world status to a particular country was not based on any stable economic or political criteria and was a mostly arbitrary process. (“Third World”), third niworld countries ¬†are groups of developing nations, that do not align themselves with policies of either the US or the former Soviet union, they are the less economically advanced countries of Asia, Africa or Latin America. (“The Definition Of Third World”).

Multi-National Corporation (MNCs)It is a corporation that has its facilities and other assets in at least one country than its home country. such companies have offices in different countries and ¬†usually have a centralized head office where they co-ordinate global management . (“Multinational Corporation (MNC) Definition | Investopedia”). ¬†¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† Oyewole 2 ¬†Multi-national operations sometimes involves itself in the production of essentially the same product. ¬†According to reports major assets ¬† of ¬†MNCs are owned by citizens ¬†of the company‚Äôs home countries.(Satnalika). Majority of board of directors are citizens of the home countries.Multi-national corporations engage in very useful and morally defensible activities in third world countries, for which they receive very little credit. Significant among these activities are their extension of opportunities for earning higher incomes as well as the consumption of improved quality goods and services to people in poorer regions of the world, instead these firms are negatively viewed by ¬†Marxists and dependency theory advocates because most of the these firms originated from industrialized countries like US and UK are viewed as predator(bane) rather than allies(boon)in economic development.(Ahiakpor).for instance, the Improper use in the third world baby milk formula manufactured by Nestle, the gas leak from Union Carbide plant in Bhopal India, and the involvement of foreign firms in the overthrow of President Allende of Chile have been used to perpetuate the ugly images of MNCs ¬†(Ahiakpor).In economic terms, a firm‚Äôs advantages in establishing a multinational corporation include both vertical and horizontal economies of scale (i.e., reductions in cost that result from an expanded level of output and a consolidation of management) and an increased market share. Although cultural barriers can create unpredictable obstacles as companies establish offices and production plants around the world, a firm‚Äôs technical expertise, experienced personnel, and proven strategies usually can be transferred from country to country. Critics of the multinational corporation usually view it as an economic and, often, political means of

Continue for 10 more pages ¬Ľ
Read full document
Download as (for upgraded members)
Citation Generator
MLA 7
CHICAGO
(2016, 05). Multi National Corporations; Are They a Boone or Bane to Third World Countries. EssaysForStudent.com. Retrieved 05, 2016, from
“Multi National Corporations; Are They a Boone or Bane to Third World Countries” EssaysForStudent.com. 05 2016. 2016. 05 2016 < "Multi National Corporations; Are They a Boone or Bane to Third World Countries." EssaysForStudent.com. EssaysForStudent.com, 05 2016. Web. 05 2016. < "Multi National Corporations; Are They a Boone or Bane to Third World Countries." EssaysForStudent.com. 05, 2016. Accessed 05, 2016. Essay Preview By: tremaine155 Submitted: May 26, 2016 Essay Length: 2,678 Words / 11 Pages Paper type: Research Paper Views: 329 Report this essay Tweet Related Essays Third World Countries What are some of the major problems faced by "Third World" Countries today? Who should be held responsible for these problems? Why? What has Canada 575 Words¬†¬†|¬†¬†3 Pages Aids in the Third World Country In 2004 circa 95 thousand people died in Latin America. Cause of death? In a world of today where there is an abundance of bloodshed 496 Words¬†¬†|¬†¬†2 Pages The Key Themes of Finance for a Multi-National Corporation ENVIRONMENT OF INTERNATIONAL FINANCIAL MANAGEMENT _____________________________________________ This section consists of the following subsections: –Ņ–ɬ∂ Determination of Exchange Rates –Ņ–ɬ∂ The International Monetary System –Ņ–ɬ∂ The 2,650 Words¬†¬†|¬†¬†11 Pages Briefly Outline the Main Features Of, and Rationale For, Uk Competition Policy. Is It Possible to Have an Effective Policy When There Are So Many Large Multi-National Corporations Operating Across the Global Economy? Summative Assignment March ‚Äô07 Microeconomics for Business Briefly outline the main features of, and rationale for, UK Competition Policy. Is it possible to have an 1,710 Words¬†¬†|¬†¬†7 Pages Similar Topics World War Zoecon Corporation Case Get Access to 89,000+ Essays and Term Papers Join 209,000+ Other Students High Quality Essays and Documents Sign up ¬© 2008‚Äď2020 EssaysForStudent.comFree Essays, Book Reports, Term Papers and Research Papers Essays Sign up Sign in Contact us Site Map Privacy Policy Terms of Service Facebook Twitter

Get Your Essay

Cite this page

Third World Countries And Multi National Corporations. (April 3, 2021). Retrieved from https://www.freeessays.education/third-world-countries-and-multi-national-corporations-essay/