Describe multinational corporations and their economic role

Describe multinational corporations (MNCs) and economic roles do they play?
A multinational corporation (MNC) can be described as a business firm incorporated in one country which has production & sales operations in several other countries. Certainly, some MNCs have operations in dozens of distinct countries.  MNCs get financing from major money centres around the world in several different currencies to finance their operations.  Global operations force the treasurer’s office to establish international banking relationships, to place short-term funds in many currency denominations, and to manage effectively foreign exchange risk.

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