Ds 101 Assignment

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THE UNIVERSITY OF ZAMBIA SCHOOL OF HUMANITIES AND SOCIAL SCIENCES DEPARTMENT OF DEVELOPMENT STUDIES NAME: HAMWEEMBA WONDY COMPUTER NUMBER: 11081589 COURSE CODE: DS 102 LECTURER: DR. CHIGUNTA TUTOR: MISS CHILESHE TUTORIAL DAY: TUESDAY 10:00 -11:00 ASSIGNMENT: TWO DUE DATE: FRIDAY 2ND AUGUST 2013 QUESTION: Multinational corporations (MNCs) are key players in international business; they are defined as "a business that has direct investments (in the form of marketing of manufacturing subsidiaries) abroad in multiple countries" (Wild, Wild, et al., 21). Transnational corporations are among the world's biggest economic institutions. A rough estimate suggests that the 300 largest MNCs own or control at least one-quarter of the entire world's productive assets, worth about US$5 trillion (The Economist, 7). The vast numbers of MNCs are located all around the world; they vary widely in size and interest. Their intention is to "take a package of capital, technology, managerial know-how, and/or marketing skills to carry out production or business services abroad" (Todaro: 2003). Their effects are far reaching, affecting the daily lifestyle of the average consumer. Partly because of their size, MNCs tend to dominate the sectors in which they specialize. As a result, their transnational business ventures offer much debate about their impact on developing countries; many arguments have been proposed on this subject alone. This paper will be used to illustrate the opportunities created by MNCs for developing countries. A historical account will be presented identifying the general impact of MNCs on developing countries up to the 21st century. Contemporary views will also be used for the purpose of evaluating the influence of MNCs in the areas of growth and efficiency, welfare, and values and institutions in

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