The article is titled “The Role of Multinational Corporations in Global Economic Practice Literature Review" (Isaac et al., 2020), highlighting roles played by multinational corporations in ensuring global economic development. They enhance foreign direct investment and elevate the productivity of the economy in which they operate. Multinational corporations influence the international transfer of technological expertise in foreign trade. This article is significant to my current course as it reviews various scholarly journals which analyze multiple factors relating to the role of multinational corporations and global development. Some of these factors include technology transfer, national economic progression, and financial management. However, multinational corporations have been linked to unethical business activities that undermine their corporate image. For nations to attract foreign investors, they should engage in activities that strengthen and broaden their political and economic policies that foster positive economic progress. Multinational corporations entail large organizations integrated into one nation and own, regulate, and manage the manufacturing and distribution facilities in several countries. They influence the demand and supply trends.
The article is well detailed and gives a comprehensive report of the role played by multinational corporations in both developed and developing countries. Elevating international trade by creating ethical competition was highlighted as a significant role of these corporations. They also champion adherence to human rights and ensure a peaceful co-existence of the population in their operation area. The article also reviews multinational structures, culture, and their diverse aims and goals. It enlightens the reader on the significance of multinational corporations and advises policymakers on making informed decisions when attracting foreign direct investment. I would recommend such an article not only to my colleagues but also to financial planners and strategists. The article sheds light on the link and benefits among multinational corporations and the element of global economic progression.
Delegate your assignment to our experts and they will do the rest.
Reference
Isaac, K. S., Ibidunni, A., Kehinde, O. J., Ufua, D., Elizabeth, K. B., Oyo-Ita, D., & Mathias, C M. (2020). The role of multinational corporations in global economic practice: literature review. Journal of Management Information and Decision Sciences, 23(5), 619-628. https://www.abacademies.org/articles/theroleofmultinationalcorporationsinglobaleconomicpracticeliteraturereview-9918.html
