
This chapter deals with three important topics which are interlinked,
namely, globalization, multinational corporations (MNCs) and foreign
capital. Under globalization, we deal with the factors facilitating glo-
balization, the role of the corporation in globalization and doing busi-
ness in a diverse world. While studying multinational corporations, we
learn their role, the excessive economic clout they enjoy, the current
issues relating to multinational corporations, the advantages of MNCs
to the host nation, their disadvantages, regulation of MNCs, and the
MNCs in India representing most developed nations. The study of
foreign capital includes ...