GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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MNCs bring advanced technologies and modern managerial skills and thus help in technological up-gradation of the companies of developing countries.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -The transfer of technologies by the MNCs to the developing countries brings in economic changes as well as fosters productivity growth. Though invention and creation processes remains the province of the developed countries. However productive knowledge as well as follow-on innovation occurs in developing countries.
Detailed explanation-2: -1. The labour in developing countries are cheap and easily available. 2. There is flexibility in labour laws which made MNC’s easier to set up industries here.
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