Sociology Discussion

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Sociology Discussion

Multinational corporations (MNCs) with operations in developing foreign nations can positively and negatively affect their political structures. On the one hand, MNCs may contribute to economic development by creating jobs, providing new technology or knowledge transfers, and contributing to positive political results; on the other hand, however, MNCs may engage in exploitative practices, worsen inequality, and influence decision-making leading to negative political consequences in host nations.

MNCs operating in underdeveloped foreign nations have the power to spur economic development by investing in infrastructure development such as roads, ports, and power plants (Mishra & Suar, 2019). MNCs also often invest in creating employment opportunities and helping reduce unemployment rates while improving living standards for locals. Furthermore, they transfer technology and knowledge, promoting technological advances and fostering innovation, ultimately leading to economic development.

MNCs can have positive political outcomes in developing nations as their presence brings international standards...