Answer:
Multi-National
Corporations (MNCs) are large companies that operate in several countries at
the same time. The first MNCs were established in the 1920s and the worldwide
spread of MNCs was a notable feature of the 1950s and 1960s. From the late 1970s,
MNCs began to shift production operations to low-wage Asian countries. This
decision increased the job opportunities in the Asian countries.
The
coming of new MNCs gave the people the opportunity to enjoy new varieties of
things. The relocation of industry stimulated world trade and capital flow.
Thus, MNCs proved a great help to the true beginning of globalization.
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