Question

What is the role of MNCs in the globalisation process?

Answer 1

In the process of globalisation, MN-C's play a significant role. Also, after being miles away, they interact with the local and small producers directly, thereby combining the markets. Their job leads to investments and goods being traded, that contributes to interconnections between different nations.

• Not only are the goods marketed worldwide by MN-C's, but the services and products are manufactured globally.
• The manufacturing process is broken into small pieces and distributed throughout the globe.
• It has resulted in business and development convergence across countries.
• The distribution of materials, products, service and technology occurs