what is the role of MNCs in globalisation process??
MNC's play an important role in the globalisation process.
- MNC's control production in more than one country
- They compete with the local producers directly even after being miles apart, thus integrating the markets.
- Their working leads to exchange of investments and products which leads ti interconnection between diverse countries.
Countries get linked when movement of Goods, People, Investment and services between different countries takes place. They can be linked as producers or consumers of same products or one can be a producer and the other consumer. The recent advancement in technology, transpoert and communication systems has enhanced globalisation