what is the role of mncs in the globalisation process?, MNCs (Multinational Corporations) play a pivotal role in the globalisation process by driving economic integration across countries. These large companies operate in multiple countries, with their influence extending beyond national borders. One of the key roles of MNCs in globalisation is the expansion of trade and investment flows. By setting up production facilities, distribution networks, and subsidiaries in various regions, MNCs help connect markets, creating opportunities for businesses and consumers globally.

MNCs also contribute to the diffusion of technology, knowledge, and innovation. They bring advanced technologies and management practices to developing countries, fostering industrial growth and skill development. Through this, they play a crucial part in bridging the technological gap between nations, often helping to modernize industries.

Additionally, MNCs influence cultural exchanges by introducing global brands, products, and services to local markets. This cultural interaction is a significant part of globalisation, as it promotes the exchange of ideas, lifestyles, and values across borders.

However, the role of MNCs in globalisation is not without controversy. Critics argue that their practices can sometimes lead to exploitation, environmental harm, and a lack of local cultural preservation. Despite this, MNCs remain central to the ongoing globalisation process, shaping economies and societies worldwide.