Multinational Corporations MNCs International Business

International Business and Law Abstract Operations of Multinational Corporations MNCs were criticised by proponents holding that the companies provide numerous benefits in the countries of operation such as employment, technology transfer, and infrastructure development. On the other hand, opposing groups hold that these companies grossly violate operations in the host nations covering various economic, social and environmental crimes. As such, recent research has shown that the disadvantages of MNCs appear to outweigh the accrued benefits and any benefit extended to these countries is an externality MNCs cannot avoid. MNCs operate to maximise their costs regardless of boundary. The current research has established that there is weak legal international and national framework hence failure to curb wrongdoings by MNCs. The most vulnerable groups are developing nations. Various cases have been presented as well as failures of World Trade Organisation in curbing mal-practises against poor nations since arbitration costs are v ery expensive. MNCs also have the ability of manoeuvring through existing legal provisions within a domestic system as shown in cases presented therein.