alexa Multinational Corporations: Myths and Realities
ISSN: 2162-6359

International Journal of Economics & Management Sciences
Open Access

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Research Article

Multinational Corporations: Myths and Realities

Mohammad Saif Ahmad*

Western Institute of Technology, Melbourne, Australia

*Corresponding Author:
Mohammad Saif Ahmad
Trainer and Assessor
Western Institute of Technology
Melbourne, Australia
Tel: +61 3 9017 5033
E-mail: [email protected]

Received Date: July 23, 2014; Accepted Date: August 14, 2014; Published Date: August 24, 2014

Citation: Ahmad MS. (2014) Multinational Corporations: Myths and Realities. Int J Econ and Manage 3:180. doi:10.4172/2162-6359.1000180

Copyright: © 2014 Ahmad MS. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited

Abstract

The 17th and 18th centuries gave birth to a number of multinational trading companies that played crucial role in the commercial and industrial development of Asia, Latin America and Africa. In the Post-World War II era, establishment of International Monetary Fund, World Bank and General Agreement on Tariffs and Trade gave further flip to global trade and led to more closely linked world markets. During the last five decades or so the MNCs have grown so much in power and visibility that they have come to be viewed with increasing suspicion both by national and international entities. Despite their unquestionable contributions, certain abuses have occurred in the process. Continuously worrying concern is that the current MNC-led globalization has been emphasizing economic integration while justice, mutual help and cooperation – pre-requisites for integrating mankind – are being ignored.

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