MNC (Multinational Corporations) stands for development, better jobs and prosperity for governments worldwide but for critics of globalisation, they stand for exploitation of resources of countries that have low human and environmental rights. And then there are middlemen like many who work at MNCs and criticise them of depleting their resources and creating pollution and havoc.
Overall, taking a stand on MNCs is difficult.
Here we get you some facts and figures, and some quotes by renowned people about their take on MNCs. We hope these help you in preparing for a Group Discussion on MNC
. Also provided is a list of GD topoic related to MNCs.
Some facts about MNCs:
- The first multinational corporation to be established was in 1602 as the Dutch East India Company. Yes, our very own Simons.
- Governments throughout the world welcome and show love to MNCs in a number of ways, including financial incentives such as low tax rates and financial transfers.
- There are more than 40,000 MNCs with over 2, 50,000 overseas affiliates. The top 300 MNCs are known to control over 25 percent of the world economy.
- MNCs make less than one percent of the global work force only.
- Many MNCs have a greater turnover than the GDP of most countries.
- Seventy percent of world trade is controlled by just 500 of the largest MNCs.
Group discussion topics on MNC, you can expect to see:
1. MNCs are devils in disguise for developing nations like India.
2. Are Indian MNCs equally evil as foreign MNCs?
3. Are foreign MNCs responsible for polluting India?
4. MNCs in India are responsible for job losses.
5. MNCs are meant for corporate greed and not for public good.
6. Government should stop giving tax exemptions to top MNCs.
7. MNCs involve only in mergers and acquisitions and not in fresh projects.
8. Inviting more MNCs to operate in India is not serving the Make in India project.
9. Accepting proposals of foreign MNCs to manufacture in India is not serving our country in any way.
10. Fines are not the answer to MNCs endangering lives of people with toxic wastes.
11. MNCs have contributed largely to Indian economy and social causes.
12. MNCs cannot be restricted if a nation has to develop.
13. Polluting the environment with toxic wastes should be a punishable crime.
14. Nestle infant milk formula should be banned in India as well.
15. Chevron and Coca Cola should be banned for involvement in violation of Human Rights.
Some quotes that can be used in the above group discussions:"Multinational corporations do control. They control the politicians. They control the media. They control the pattern of consumption, entertainment, and thinking. They're destroying the planet and laying the foundation for violent outbursts and racial division."
- Jerry Brown
"A system is corrupt when it is strictly profit-driven, not driven to serve the best interests of its people, but those of multinational corporations."
- Suzy Kassem
Pros of MNCs:1. Creating jobs:
MNCs in India and other developing nations are responsible for employing a huge number of people
2. Lowering price of products:
The competitive advantage and research done on the local alternatives gets them lowering the prices of products.
3. Contributing to GDP:
Their contribution to the GDP of our economy has been huge and that cannot be ignored.
4. Reducing child labour:
Reports claim that MNCs are responsible for lowering rate of child labour in poor and developing nations.
Cons of MNCs:1. Exploiting economy:
They get subsidies that local start-ups and home grown companies don't get from government.
2. Exploiting workers:
There have been disturbing reports on how these corporations exploit workers available at low pay rates in poor countries.
3. Exploiting environment:
They usually choose nations where environmental laws are not very restrictive and take complete advantage of it.
4. Outsourcing labour:
This takes jobs out of the local market.
MNCs are responsible for a number of pros and higher numbers of cons but nothing could be done to stop them. It is important to regulate the laws of own nation to make it mandatory upon them to be sensitive to our people and environment.
We hope that you find this GD guide on MNCs
useful for your entrance exams and placement processes!