Question
Respond/reply to this discussion and use ONLY 1 reference from a peer reviewed journal article . Whether you agree or disagree explain why with supporting
Respond/reply to this discussion and use ONLY 1 reference from a peer reviewed journal article. Whether you agree or disagree explain why with supporting evidence and concepts. Include a reference, link, or citation when appropriate. Provide evidence of critical, college-level thinking and thoughtfulness in your responses. Avoid summarizing.
Multinational firms have a big impact on the world economy. A multinational firm is a company that has its services in two or more countries in the world. That is what makes a business considered multinational. These companies are all centered around the business's main base of operations in the country where the industry was created. Multinational firms are very impactful to the world economy because they affect global factors like employment. However, multinational firms tend to find secrets because they can get out of not paying taxes and using labor to make use of the goods a firm is producing. At the end of the day, multinational firms are very beneficial to our global economy because they encourage more and newer businesses to become multinational, and that way they can get the global economy the goods and services they need that they might not be able to get depending on what businesses and firms are around them. Perhaps the most important thing that comes from multinational firms is that they increase the ability to hire more people and that can create innovation which is very important is running a successful firm. Hiring newer and more employees opens up the firm for a chance to try new ideas and use newer technologies and this means that the firm can grow bigger and makes the company successful. That is why multinational firms are so important in our global economy because they can expand their goods and services to other parts of the world and also attract newer employees to join the labor force which will help grow the company in a good direction.
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