Multinational Corporation and Globalisation

Multinational Corporation and Globalisation Hey Mumbai University SYBA IDOL students!  Today, we’re diving into the fascinating world of Human Geography , exploring  about – “Multinational Corporation and Globalisation“.    This session will help you understand how multinational companies operate and how globalization has transformed the way countries interact and work together in today’s interconnected world. We’ll start with true and false statements to learn about MNCs like Standard Chartered Bank, Coca-Cola, and SONY, their features, and their global presence. We’ll also discuss how India is involved in the world of multinational companies. Next, we’ll explore fill-in-the-blank exercises to understand important concepts such as global cooperation, organizations like ASEAN, the role of Commonwealth in policymaking, and the significance of WTO in international trade negotiations. We’ll also discuss the importance of freedom of expression in maintaining human dignity and harmony. In the multiple-choice section, we’ll dive into the establishment of key global organizations like UNESCO and its purpose of promoting peace and intellectual solidarity, along with the role of WTO in managing trade rules across nations. Finally, we’ll tackle short answer questions to define key concepts like globalization, discuss the positive effects of globalization, and examine the roles and purposes of organizations such as the Commonwealth, ASEAN, and the International Air Transport Association (IATA). By the end of this session, you’ll have a clear understanding of how globalization and multinational corporations influence our world and contribute to global progress. So, SYBA IDOL Mumbai University students, get ready to unwrap the “Multinational Corporation and Globalisation” with customized IDOL notes  just for you. Let’s jump into this exploration together Follow Us For More Updates Instagram Telegram Whatsapp True OR False a. India has several parent companies and subsidiary companies – Trueb. Standard Chartered Bank, Coco-cola, SONY Electronics, etc are some examples of multinational companies found in India – Truec. The most important feature of these MNCs is their small size – Falsed. The Pepsi Cola Company of the U.S operates in 114 countries – Truee. Another important feature of the world of multinationals is the Indian dominance – False Fill in the blanks:- a. When several countries come together to work in harmony with respect to economic, financial, trade and communications sectors, it is called globalisation .b. ASEAN or the Association of Southeast Asian Nations was established on 8 August 1967 in Bangkok, Thailand.c. The Commonwealth Secretariat provides guidance on policy making, technical assistance and advisory services to Commonwealth member countries.d. The WTO was born out of the General Agreement on Tariffs and Trade (GATT), and everything the WTO does is the result of negotiations.e. Protecting freedom of expression: an essential condition for peace, development  and human dignity. Multiple choice question:- a. In 1945, UNESCO was createdi. in order to establish peace on the basis of humanity’s moral and intellectual solidarity.ii. in order to establish independence on the basis of humanity’s moral and intellectual solidarity.iii. in order to establish hardship on the basis of humanity’s moral and intellectual solidarity. Ans- i. in order to establish peace on the basis of humanity’s moral and intellectual solidarity. b. The World Trade Organization (WTO) is the only global international organizationi. dealing with the rules of trade between nations.ii. dealing with the rules of craftsmanship between nations.iii. dealing with the rules of trade between cities. Ans- i. dealing with the rules of trade between nations c. In order to establish peace on the basis of humanity’s moral and intellectual solidarityi. UNESCO was created in 1954ii. UNESCO was created in 1945iii. UNESCO was created in 1949 Ans – ii. UNESCO was created in 1945 Short answer question:- Question 1 :- Define Globalisation Globalisation is the process by which countries, businesses, and people become increasingly interconnected and interdependent through trade, communication, and cultural exchange. It leads to the integration of national economies into a global economy, allowing for the free flow of goods, services, and ideas across borders. This phenomenon is driven by advancements in technology and transportation, facilitating cultural exchange and labor mobility, which enrich societies but can also threaten local identities. While globalisation offers opportunities for economic growth and access to diverse markets, it also poses challenges such as environmental degradation, increased inequality, and job displacement in certain sectors. Understanding globalisation is essential as it shapes our daily lives and influences the future of nations, requiring a balance between maximizing its benefits and addressing its drawbacks. Question 2 :- What do you understand by Positive Effects of Globalisation?  Introduction:         Globalisation is a powerful force that has transformed the world in many ways. It refers to the increasing interconnectedness of countries through trade, communication, and cultural exchange. As nations become more integrated, they experience a range of positive effects that can enhance economic growth, improve living standards, and foster cultural understanding. The benefits of globalisation are significant and can be observed in various aspects of life, including economics, culture, technology, and social development. Understanding these positive effects is crucial for appreciating how globalisation shapes our world and influences our daily lives.  Key Positive Effects of Globalisation: Economic Growth: One of the most significant positive effects of globalisation is the boost it provides to economic growth. By opening up markets, countries can trade more freely, allowing businesses to expand their operations and reach new customers. This increased trade leads to higher production levels, job creation, and overall economic development. For instance, countries that embrace globalisation often see an increase in their Gross Domestic Product (GDP) as they tap into international markets. Access to Markets: Globalisation allows businesses, especially those in developing countries, to access larger markets beyond their national borders. This access enables them to sell their products and services to a wider audience, increasing their sales and profits. For example, a small manufacturer in India can export goods to Europe or North America, significantly expanding its customer base and revenue potential. Technological Advancement: The process of globalisation encourages the sharing of technology and innovation across borders. Countries can learn from each other and adopt new technologies that improve productivity and efficiency. This transfer of technology can lead to advancements in various sectors, including agriculture, healthcare, and manufacturing, ultimately benefiting