Post
Topic
Board Economics
Merits 14 from 3 users
Re: MNCs and it’s impact on developing countries.
by
Zlantann
on 17/10/2022, 00:46:53 UTC
⭐ Merited by CryptopreneurBrainboss (5) ,Majestic-milf (5) ,Welsh (4)
There are merits and demerits of MNCs opening shop in a developing country. Here are some;

The economies of most developing countries would collapse without the activities of multinational cooperations. From experience, the governments of most emerging nations are not good businessmen, which has resulted in the failure of most public corporations. Most public corporations are mismanaged and killed by corruption and embezzlement of funds. That's why most government businesses in my country have been privatized and sold to MNCs. Multinationals are the only hope for the citizens to get basic goods and services and also enjoy certain privileges like social responsibilities and employment opportunities.

All the demerits of MNCs OP outlined prevail in most countries because of a lack of government policies or failure to implement these policies. Politicians prefer to collect bribes from these companies instead of ensuring they do the right thing. The developed world also has these multinationals but they are closely policed by different regulatory bodies to ensure that they don't cause more harm than good.

In order to achieve their evil plans of exploiting and colonizing these developing nations, MNCs dabble in the local politics of their host nations. They also ensure that only politicians or the military that would promote their interests grab political power. They sometimes sponsor elections, coups, and even conflicts because of their desperate aim of reaping the people.