APPRAISAL OF THE ROLE OF MULTINATIONAL CORPORATION ON THE ECONOMIC DEVELOPMENT OF NIGERIA

📄 Project Abstract

A multinational corporation is a company that has subsidiaries in several countries. Their decentralized structure, as well as their degree size, often allows them to overstep governmental constraints which smaller regional or national companies must observe. Developing nations attracts multinational subsidiary operations due to number factors such as cheap labour, low taxation and less vigilance concerning workers' rights and environmental protection. They are made to contribute to the social security net (i.e. welfare, unemployment insurance, e.t.c) other factors including low pay for woman workers, child labour, and the absence of labour unions, also combine to make the third world ripe for exploitation. The presence of multination in these countries improves overall living standards. The benefits of the relationship are most often one sided, but the economic problems facing these nations makes it difficult for them to be picky about their investor. Firms become multinational co...