Iqbal, Badar A.
March 1985
Management International Review;1985, Vol. 25 Issue 1, p80
This article presents information on the book "Business Strategies of Multinational Corporations in India," by Lalit Joshi. Multinational corporations have become an integral pan of economic scene of developing economies like India and their role and contribution to their development is of vital importance. The centre piece of the study which contains a sample survey of 24 companies is to analyse the role and contribution of multinational corporations in pharmaceutical sector of India, in which these institutions dominate and provides a deep insight into the strategies adopted by these organisation to capture more and more marked from time to time keeping mind their own interest rather than the interest of the country in which they are operating. In developing economies like India which is a seller's market, the various foreign companies are in operation and they used to formulate their policies to take out maximum benefit in the form of profit and sale from Indian soil. The study rightly observes that as these Corporations are capitalistic in nature as well as in character they want to create the same pattern of growth in the Third World Economies and the result would be that on the one hand the Third world economies will become the market of their products and technology produced by the developed countries and on the other hand, the profits earned by multinational corporations will flow back to developed countries. The author asserts that multinational corporations are a linkage between developed nations and developing nations and lead to a transfer of money and resources from poor nations to already rich nations.


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