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1 page/β‰ˆ275 words
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APA
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Business & Marketing
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Essay
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English (U.S.)
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Topic:

Role of Multinational Corporations (MNCs) in Societal Development

Essay Instructions:

Kindly use short introduction and conclusion and focus more on the body. Topic: The role of MNCs in societal development and helping poor countries is controversial. Some political activists believe that MNCs exploit nations; others regard them as major economic players. Base your writing on the information in the uploaded material and at least include one reliable resource from the web. Thank you

 

International Business — W 3
Politics, Law, and Business Ethics

Session Preview
•    Describe each main type of political system
•    Identify the origins of political risk and how managers can reduce its effects
•    Describe each main type of legal system and important global legal issues
•    Explain ethics and social responsibility and key issues facing international companies
•    Explain how international relations affect international business activities

Totalitarianism
■    Leaders govern without people's support
■    Government controls much of people's lives
■    Leaders do not tolerate opposing viewpoints

Essay Sample Content Preview:

Role of Multinational Corporations (MNCs) in Societal Development
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Multinational Corporations (MNCs) typically seek to expand their business operations in developing countries, but the process of undemocratic governments makes it difficult to have their operations done transparently. In essence, the political risk in developing countries means that MNCs have to adhere to local content requirements. However, MNCs also have huge bargaining power owing to their financial strength and repatriate most profits to their parent companies. In a global political economy context, MNCs view the world as a single entity and act to further their interest and not to develop the local economies of host countries.
To lay credence that MNCs do not improve societal development, is that technology transfer to host countries is a largely a myth. To avoid competition, MNCs seek to monopolize their line of business to maximize their profits (Irogbe, 2013). Even though, host countries would prefer joint ownership to get fairer...
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