The final decades of the 20 th century saw main advances in expertise, & this is continuing within the twenty-first century. Technology usually is seen as giving firms a aggressive advantage; hence, firms compete for entry to the most recent in know-how, & international firms switch technology to be globally aggressive.
Finally, depending on the nature of the MNC, funding in any nation displays a want for a medium- to lengthy-term return, as establishing a plant, coaching employees and so on may be costly. Therefore, once established in a jurisdiction, MNCs are potentially weak to arbitrary authorities intervention like expropriation, sudden contract renegotiation and the arbitrary withdrawal or obligatory buy of licenses. Thus each the negotiating energy of MNCs and the “race to the underside” critique could also be overstated while understating the benefits (besides tax income) of MNCs becoming established in a jurisdiction.
National culture is described because the … Read MoreRead More »