Accommodating multinational societies in nigeria
It leads to virtual draining of the resources of the developing countries.
Moreover, instances have come to light where certain multi-nationals have shown their headquarters located in countries with liberal tax laws.
On the land so released from food, the Multinationals themselves set up frontal vegetable growing business, earning big profits by exporting these items back to the West.
Mexico, which once grow a variety of local food grains, has been converted into an. The American Foods SK-re Company has set up a network for growing fruit and vegetables in Ghana, Egypt, Kenya, Zambia and Uganda.
These corporations have given rise to a big question mark whether political freedom will continue to exist when economic power is getting more and more concentrated in fewer and fewer hands. They finance individual members of a political party and parties themselves in elections. Any party that can manipulate funds, has better chances of victory.
Naturally, they get political control of the developing countries also. Investigating Agencies as to how Multinationals operating in India and Indonesia set apart secret funds for bribing officials and making political contributions.
The growth of Multinational Corporations is an ultra-modern method of neo-colonialism (colonialism practiced in a new form) under which the U. Multi-national corporations are those corporations which originate from a common centre in the imperialist country but operate in different developing countries by merging in themselves certain firms of the, countries of operation also which are engaged in the same field. The developing countries in the western hemisphere have 47 per cent of the affiliates, with 28 per cent in South and East Asia, 21 per cent in Africa and 5 per cent in West Asia.
An expert committee insists that of the 43,600 drugs registered and sold in India, three-fourths are non-essential.In this way, their utility to the common man is also questioned.Their activities do not remain confined to the economic sphere alone.A survey conducted by the Indian Council of Medical Research points out that seven out of every ten purchases of antibiotics made in India are uncalled for.Recently, there was a controversy over the multinationals marking and selling non-essential baby foods in India.