What is the role of MNCs in the globalisation process?



Globalisation is the rapid integration of the global economy through which countries interlink in a variety of ways.
Globalisation has enabled improvement in trade and communication with different countries.
The silk route is one such example from ’ Earlier times. Over the last 20-30 years there has been a tremendous increase in globalisation with the increase in the number of MNCs.
MNCs are Multinational Corporations or companies which have set-up production in more than one country.
MNCs set-up production worldwide where cheap labour is available, where markets are near and where government policies look after their interests. Since the MNCs are producing as well as selling in many countries, they are interlinking the economies of these countries and thu speeding up globalisation.