Question

1. what is the importance of multinational corporations and outsourcing in international business?

2. identify and explain one postive aspects of globalization

3. identify and explain one negative aspect of globalization

Answer 1

Question 1:

Answer: The importance of multinational companies arises from the fact that multinational companies help a country's technological growth. It is important to mention that multinational corporation brings new technologies and innovation into the host country and it helps a developing country to modernize its economy.

Outsourcing helps a business to focus entirely on the core aspects of a business and this allows a company to focus on the main strengths and tasks.

Question 2:

Answer: Positive aspects of globalization include the development of technology, education, trade, and commerce in a developed or developing country.

Question 3:

Answer: Negative aspects of globalization include the exploitation of the poorer countries by the rich and developed countries.

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