Submit a question to our community and get an answer from real people.
Submit

What is the importance of multinational corporations today? what are the reasons for their existence

Report as

Multinationals exist because so much of trade is worldwide, not just in your home country. They often flourish because they are able to use numerous resources and people to achieve their goals and do it more economically and efficiently than other companies. Nations that have embraced international corporations have growth rates of 5% or more per year, in comparison to 2% in Western countries and 1% to negative growth in countries who have not acknowledged free trade.

Helpful (1) Fun Thanks for voting Comments (0)
Report as
Add a comment...

One importance of multinational corporations is to help provide additional financial resources to developing countries. Jobs then become available to citizens of these countries. This gives a ripple effect to their economy. Here is a document that the United Nations created about multinational corporations-- www.andrew.cmu.edu/course/73-371/UN_article.doc

Helpful Fun Thanks for voting Comments (0)
Report as
Add a comment...

what is the importance of multinational companies

Helpful Fun Thanks for voting Comments (0)
Report as
Add a comment...
Do you have an answer?
Answer this question...
Did you mean?
Login or Join the Community to answer
Popular Searches