Multinational Corporations: Good or Bad?

MULTINATIONAL CORPORATIONS: GOOD OR BAD?
Name
University/Department
Professor
Course
Date
Article Comprehension Questions :
1 Briefly describe your choice of the top three benefits MNC’s have on Developing countries.
Multinational corporations can produce employment and encourage flow of investments.
They provide the essential goods that are in demand for a large population of society.
MNC’s have the power to regulate the quality of their products and services and ensure that it is up to the standard that is wanted by the consumers.
2, List and describe your choice of the top three disadvantages MNC’s have on Developing countries.
* Companies are often interested in profit at the expense of the consumer. Multinational companies often have monopoly power which enables them to make an excess profit.
The multinational companies have the power to control and manipulate the market due to their popularity. They also own large budgets for advertising which can sway the masses to buy a product that they are selling. Sometimes, these corporations create products that maximize profit, while not delivering excellent product or service. Developing countries are exploited by these companies in order to sell their product. They deceive the consumers by through false advertisements.
* Their market dominance makes it difficult for local small firms to thrive. For example, it is argued that big supermarkets are squeezing the margins of local corner shops leading to less diversity.
Multi National Corporations present their products through their brand. They have the capacity to ma...