What role do MNCs play in the globalisation process?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. They integrate production and markets across different countries.
Multinational Corporations (MNCs) play a vital role in the globalization process by integrating production and markets across different countries. They set up production units in multiple nations, use advanced technology, and connect global supply chains. MNCs create employment, bring investment, and encourage the exchange of goods, services, and ideas across borders. By linking producers and consumers worldwide, they expand international trade and promote economic interdependence. Thus, MNCs act as key drivers of globalization, enhancing connectivity and global market integration.