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Isaac, Segun Kehinde and Ibidunni, Ayodotun Stephen. and Kehinde, O.J. and Ufua, Daniel Ebakoleaneh and Kehinde, Busola and Oyo-Ita, Dorothy and Mathias, Chima Menyelim (2020) THE ROLE OF MULTINATIONAL CORPORATIONS IN GLOBAL ECONOMIC PRACTICE: LITERATURE REVIEW. Journal of Management Information and Decision Sciences, 23 (5). pp. 619-628.

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It's been known that the activities of various multinational companies drive economic globalization to a very large extent. This research work enumerates some facts in terms of their dominant role in all phases of globalization. Therefore, the importance of multinational cooperation’s in foreign direct investment and foreign production is examined likewise their contributions and impact to the international transfer of technology and knowledge to foreign trade. This study made use of articles, scholarly journals, and textbooks in reviewing the multiple activities of MNC in relation to their growth, national economic development, policy issues and technology transfers. From the studied literatures, we found out that MNCs have made great contributions to global economic growth and development, though it may vary, as the extent or level of technology transfer and internalization all remain a mirage, while other MNCs are known to be involved in various unethical business activities that darkens their corporate image. It sheds more light on the opinion that MNCs are important, as they are the conveyors of globalization. Moreover, to further attract foreign investors, countries should to their own part in strengthen and broadening their economic and political policies to help facilitate effectiveness and efficiency in order to further attract FDI inflow. In addition this study also brought to light some of the links, benefits and relationship between the MNCs and global economic development, and this would enable policy makers to discuss on valuable contributions to bring to the negotiating table.

Item Type: Article
Uncontrolled Keywords: Technology Transfer; International Sourcing; FDI; MNC; Globalization; Economic Practice.
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
Divisions: Faculty of Law, Arts and Social Sciences > School of Management
Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Patricia Nwokealisi
Date Deposited: 19 Apr 2024 16:02
Last Modified: 19 Apr 2024 16:02

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