Multi National Companies- Boon or bane of globalization PowerPoint Presentation

Multi National Companies- Boon or bane of globalization - PowerPoint Presentation Example On one hand poverty remains as it is and on the other global corporate giants make their way commercially into poor nations. The second and third pictures show the outcome of Vogue photo shoot in India where the luxury brands are put on the poor people on the streets of New Delhi who perhaps strive to arrange for two square meals a day. The concept behind the advertisement is that the expensive fashion brands might wish to make this section of people their customers some day. This would be a far-fetched idea to come true and more than that it is ethically incorrect to put such contrasting scenarios in the photos. The photos also capture the attempt at forced westernization in the fashion industry. This is not only concerning the textiles segment but also other industries like sports and machineries. A burning question thus emerges whether multi-national corporations that is to globalization as white pigeon to peace is a boon or curse to the world? In what ways MNCs have affected glob alization? The multi-national corporations might be considered as the harbinger of globalization. A multi-national corporation is a firm that has its assets spread over many other countries along with its country of origin. In terms of the size; these firms are huge and some of them has turnover that might overshadow the GDP of a developing or less developed country. Ironically much like its parental body globalization; multi-national corporations are surrounded with much debate. In what ways do MNCs affect national governments? The classical and new classical economists consider globalization as a boon to society and votes against government intervention. As multi-national corporations are the direct product of globalization that consider the world as a borderless playing field and strongly depend on market force; hence an indirect support towards multi-national corporations can be drawn from the classical and neo classical economists. On the other hand the radical economists from Marxist clan always referred globalization and free market mechanism biased towards the haves and hence for a just social allocation supported government intervention. Little or no support can be found from the Marxist and Keynesians regarding multi-national corporations. If a national government becomes heavily dependent upon the FDI then inefficiency might creep up into its revenue accumulation system. All its development expenditure might then become dependent on FDI and if the MNC decides not to invest in the concerned nation all might collapse rapidly. Again at the worst a nexus of bribery might form between the government official and the multi national corporation that will again result in inefficient allocation of resources. As many MNCs have higher level of revenue than the GDP of developing and less developed countries hence if it withdraws its fund invested in a country and other MNCs follow suit then in no time it will bring a catastrophe to the concerned countryi. What are some of the potential positive consequences of this rising power of MNCs? The arguments favoring multi-national corporation stresses on its huge capital power that a country may take advantage if that multi-national corporation invest in that country. This is especially important if that country belongs to the developing or less developed clan. Since unemployment is a huge problem in those countries, hence fresh investments by the multi-national

Should Texas have a voter ID law or not Essay Example | Topics and Well Written Essays - 1500 words

Should Texas have a voter ID law or not - Essay Example The law was allowed despite the dissenting opinion of the Supreme Court judges who indicated that the law was unconstitutional and would lead to poll tax. This essay will examine the pros and cons of the Texas having a voter ID Law. The main aim for coming up with the stricter voter ID law was to ensure that there was a reduction of fraud during the election. The most common type of fraud that is witnessed during the election is impersonation fraud, which would be curbed using the Voter ID law because the voter before voting has to produce an identification that contains their photo (Smith et al 90). By so doing, it ensures that another person does not vote on their behalf. For that reason, the enacting of voter ID laws was meant to ensure that one person one vote; hence, allowing free and fair elections. Secondly, the voter ID law is imperative to the state of Texas because it is sensible and legal because it safeguards the integrity of the polls (Langholz 731). This is an opinion given by the United States Supreme Court. The elections should be free and fair and such elections can only be achieved by ensuring that there are set out procedures that will ensure that people vote in a democratic manner. Therefore, the State of Texas enacting a law that will ensure such elections will be conducted in a democratic manner should not be challenged. Additionally, the candidates that are competing have the duty and right to be elected fairly and by ensuring that the integrity of elections is safeguarded then it becomes appropriate to have such strict elections laws. â€Å"We are pleased that the United States Supreme Court Has agreed that Texas’ Voter ID law should remain in effect for the upcoming election. The state shall continue to defend the voter ID law and remain confident that the district’s court misguided ruling will be overturned on the