Assess the impact of Multi- (or Trans-) National Corporations on Essay

Assess the impact of Multi- (or Trans-) National Corporations on international relations. Illustrate your points with examples from the activities of named corp - Essay Example Different markets have welcomes the move taken by such multinational giants but some of them have resisted the affect which has been created by them. Such is the eventual effect by these multinational corporations that many local businesses have winded up in a quick manner, thus putting them out of business in the wake of sheer competitive activity that these multinationals bring with their set agendas. The impact however has been on both sides of the divide – good as well as bad. The results have similarly been lopsided at times, favoring the business regimes in certain cases while bankrupting the parent organization in other instances. The sort of impact these multinational corporations have had on the global relations is something to ponder upon deeply though. This is because it is the international platform which indeed lays the success or failure basis for these multinationals. (Dunning, 2001) The multinational corporations worldwide face a number of challenges when they decide to go global. This is a common problem that they face since they do not have any prior knowledge or understanding of the new territory that they will do their business from. However what best they can do is to find out and research the strengths and weaknesses of this area and hence upon getting the much needed knowledge, base their theories and strategies in a much more effective and efficient manner. This will help one and all to better understand what the new territory, region or country offers the business and the people associated with it. The best thing is that the benefits and disadvantages are determined even before the multinational corporation goes the global way and thus it saves itself from embarrassment which it might face without having proper knowledge and adequate research within it. The significant thing here is to get prepared and be ready for what is to come in the future as