Question

What is the role of MNCs in the globalisation process?

Answer 1

Globalisation is the rapid integration or interconnectedness of countries. MNCs are playing an important part in the globalisation process. MNCs are important drivers of global trade. They account for a large portion of global exports and imports. MNCs contribute to national integration through cross-border investments and trade. More and more commodities and services, capital, and technology are being transferred between countries. Most places in the world are now in closer contact than they were a few decades back.