Accountability and Globalization - The Context of MNCs
Lawrence Chinkhunda, Member
This is an interesting topic more especially now that every economy seeks to be diversified.
- The growth of multinationals is undoubtedly one of the dreams of any economy as far as economic expansion is concerned. As economies seek to reach out to the world at large, the concept of globalization pops in.
- However the irony is that globalization is not possible without liberalization. Liberalization of the economy on the other hand means that the economic and political stability of the country is assured and the more reason I mostly agree with Marjan.
Hence the growth of multinationals is an indicator that the economy has suitable ground for investment.
The chain goes on as investment including foreign direct investments are a priority of governments as far as economic growth is concerned. It should therefore be of great pride for governments to attract Foreign Direct Investors (FDIs) as it assures economic growth among the many benefits. Governments should pass laws to check Multinational Corporations (MNCs).