Multinational companies (MNC) engaging in technological transfer may lead to gains elsewhere in the economy as (i) workers trained by the MNC move to other parts of the economy. (ii) the MNC offers jobs to locals boosting employment locally. (iii) other companies in the host county may be encouraged to use their methods. Which are of the above statements is/are correct? Multinational companies (MNC) engaging in technological transfer may lead to gains elsewhere in the economy as (i) workers trained by the MNC move to other parts of the economy. (ii) the MNC offers jobs to locals boosting employment locally. (iii) other companies in the host county may be encouraged to use their methods. Which are of the above statements is/are correct? Only (i) is correct Only (ii) is correct Both (i) and (iii) are correct Both (i) and (ii) are correct Only (iii) is correct
Question
Multinational companies (MNC) engaging in technological transfer may lead to gains elsewhere in the economy as
(i) workers trained by the MNC move to other parts of the economy.
(ii) the MNC offers jobs to locals boosting employment locally.
(iii) other companies in the host county may be encouraged to use their methods.
Which are of the above statements is/are correct?
Multinational companies (MNC) engaging in technological transfer may lead to gains elsewhere in the economy as
(i) workers trained by the MNC move to other parts of the economy.
(ii) the MNC offers jobs to locals boosting employment locally.
(iii) other companies in the host county may be encouraged to use their methods.
Which are of the above statements is/are correct?
Only (i) is correct
Only (ii) is correct
Both (i) and (iii) are correct
Both (i) and (ii) are correct
Only (iii) is correct
Solution
(i) workers trained by the MNC move to other parts of the economy. (ii) the MNC offers jobs to locals boosting employment locally. (iii) other companies in the host county may be encouraged to use their methods.
To determine which statements are correct, we can evaluate each one individually:
(i) workers trained by the MNC move to other parts of the economy. This statement suggests that workers who receive training from the MNC may later apply their skills in other sectors of the economy. This can lead to a transfer of knowledge and expertise, benefiting other parts of the economy. Therefore, statement (i) is correct.
(ii) the MNC offers jobs to locals boosting employment locally. This statement implies that the MNC provides job opportunities to local individuals, which can contribute to an increase in employment rates within the host country. Therefore, statement (ii) is correct.
(iii) other companies in the host county may be encouraged to use their methods. This statement suggests that the presence of the MNC and its technological transfer may inspire other companies in the host country to adopt similar methods or practices. This can lead to increased efficiency and productivity in the overall economy. Therefore, statement (iii) is correct.
Based on the evaluation of each statement, both (i) and (ii) are correct, as well as (iii). Therefore, the correct answer is "Both (i) and (ii) are correct."
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