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Why do multinational corporations (MNCs) set up their offices and factories in certain areas only? Explain any five reasons.
Answer:
Points to Remember
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Globalization has both positive and negative effects.
POSITIVE EFFECTS
- MNCs have increased their i nvestments.
- It provided new prospects for businesses.
- large Indian companies to emerge as multinational companies.
NEGATIVE EFFECTS
- Several businesses have suffered as a result of competition. Many of the units have closed, leaving many workers jobless.
- Loss of cultural and social identity hinders national progress.
Answer to be written in exam
Globalization has both positive and negative effects.
POSITIVE EFFECTS
- MNCs have been increased their i nvestments in India over the last 20 years. MNCs have been interested in industries such as cell phones, automobiles, electronics, soft drinks, fast food, or services such as banking in urban areas.
- As the companies invested new employment has been created in these industries and services. Thus, it provided new prospects for businesses.
- Due to globalization, large Indian companies emerged as multinational companies such as Tata Motors (automobiles), and Infosys (IT) are some Indian enterprises which are spreading their operations worldwide.
NEGATIVE EFFECTS
- Due to rising competition, Several businesses have suffered . Many of the units have closed, leaving many workers jobless . For instance : toy factories in India.
- The gradual extinction of regional languages as native speakers feel to use English more often and less in their original tongues. Thus, the Loss of cultural and social identity hinders national progress.
* This question can also come as the Impact of globalization is not uniform . Explain the statement.
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