Describe with an example the role of multinational corporations in the process of globalisation. -SST 10th

Describe with an example the role of multinational corporations in the process of globalisation. -SST 10th
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MNCs have played a major role in the process of globalisation. (i) MNCs are in search for locations around the world that are favourable for their production activities. (ii) Foreign investment and foreign trade has increased. (iii) A large part of the foreign trade is controlled by the MNCs. (iv) MNCs are engaged in translocating capital, technology, people, goods and services across different nations of the world. This is how globalisation is promoted. It can be further illustrated with the help of an example – Production of cars by Ford Motors in India would lead to interlinking of production. Ford Motors will produce various car components in India. Some other components may be produced elsewhere on the globe. Components produced in India will be shipped to Ford factories outside India. Components and other resources will be shipped to India for automobiles to be produced in India. All these processes will result in the interlinking of production.
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