Multi National Companies (MNC’s) refer to organizations that own or control production of goods or services in at least two or more countries other than it’s home country e.g., Amazon, Coca-Cola Company, eBay, Honda, etc.
The advantages of MNC’s are they improve local infrastructure, provide local employment, diversify local economies, encourage innovation and better standards of production. They provide an inflow of capital and help to utilise the developing nation’s resources.
Disadvantages of MNC’s in developing countries are that natural resources may be overexploited, environment may be damaged, local laws may be ignored, MNC’s import skilled labour and so may not really lead to better employment but may put local outfits out -of business.