How do Multi-National Corporations (MNCs) interlink production across countries? Explain with examples
The multinational corporations have spread their production and interaction across the countries in the following ways :
a. They set up production jointly with local companies. They provide money for additional investments like buying new machines for faster production.
b. MNC may buy up local companies and then expand production. For example : Cargil Foods, a very large MNC (USA), has bought smaller Indian companies such as Parekh Foods.
b. The MNCs provide efficient managerial and advanced technology for faster production and efficient use of resources.
c. MNC's procure raw materials for their production from local producers which has helped the latter to prosper and grow.
Analyse the importance of the three-tier judicial machinery under Consumer Protection Act. (COPRA), 1986 for redressal of consumer disputes.
