Multinational corporations (MNCs) had a stronghold over the Indian economy in the 1960s-1970s, controlling over half of the total assets in big industry. A 1966 study found that 112 large MNCs operating in India, with 48 being foreign subsidiaries controlling around 54% of total big industry assets. While MNCs sourced a major part of their investments domestically, they still repatriated large profits abroad. Studies showed that MNCs' foreign funding declined from the 1970s-1980s, with many raising most capital within India. Overall, the document discusses the historical economic dominance and influence of MNCs in India and other developing nations during the mid-20th century period
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
This presentation was done by combining many presentations and docs on slideshare. I got it from slideshare so thought of sharing it with everyone who will need it...
Assignment Questions1. What are the unique strategies that the e.docxssuser562afc1
Assignment Questions
1. What are the unique strategies that the emerging-market companies employ in pursuing globalization?
2. What strategies will M&M have to employ in the U.S. to be able to sell its SUVs?
3. What are the various alternatives in front of M&M in building its brand at the global level?
You will also integrate the questions throughout as part of your analysis. In addition, be sure to address the following:
• Provide a cultural profile of the company and it's historical background
• Discuss the communication issues as they move into emerging markets such as the United States
• Discuss the staffing policies and HR challenges that will be used
• Discuss leadership and motivation.
• Explain issues of concern that should be addressed
• Describe the organizational structure and changes necessary to facilitate expansion
Case 11 Mahindra & Mahindra (B): An Emerging Global Giant?
· “I have been on record to say that my philosophy of going global is because if you don’t succeed abroad or don’t have the capacity to succeed abroad and to carve out some turf abroad you are not going to be safe at home […]. If you want to compete with multinationals you have to be a multinational. So that is the logical rationale for going abroad.”1
–ANAND G. MAHINDRA, Vice Chairman and Managing Director, Mahindra & Mahindra Ltd., in 2010.
In 2011, India-based automotive giant Mahindra & Mahindra Ltd. (M&M) was featured on the Forbes Global 2000 list,2a ranking of the biggest and most powerful companies in the world. Besides M&M, some of the other Indian companies that figured on the list were Reliance Industries, State Bank of India, Oil & Natural Gas Corp., ICICI Bank, NTPC, Bharti Airtel, Larsen & Toubro, and Tata Motors. Emerging markets such as China and India, with 113 and 56 members respectively on the list, were growing steadily and gaining prominence at the global level, industry analysts said.
Based in Mumbai, India, M&M was one of the leading players in the Indian Multi Utility Vehicles (MUV) and tractor segments of the automotive industry as of 2011. Besides the automotive industry, the company has a presence in agribusiness, aerospace, components, consulting services, defense, energy, financial services, industrial equipment, logistics, real estate, retail, steel, and two-wheelers. The Group’s automotive sector, which manufactures and markets utility vehicles and light commercial vehicles, was the fourth-largest automaker in India as of 2010. As of 2011, M&M’s model range included more than 20 vehicles, including the Scorpio and the Xylo utility vehicles. After establishing its leadership in the Indian automotive market, M&M began to seek opportunities in global markets. The company stormed into the global limelight with the formidable success of its Sports Utility Vehicle (SUV)—the “Scorpio.”3 Going forward, M&M planned to expand its global reach by launching its vehicles in the international markets including North America, Europe, Africa, a ...
Globalisation means integrating the economy of a country with the world economy.
In India, the process of globalisation picked up with the policy reforms of 1991.
Globalisation refers to growing economic interdependence among countries in the world with regard to technology, capital, information, goods, services, etc.
The presentations describes the 1991 Liberalization Privatization Globalization(LPG) model of Indian economy. Following are the topics discussed in the ppt:
Reasons for implementing LPG
Definitions
Advantages
Disadvantages
Disinvestment Commission
Successful privatizations in India
FDI
MNCs
Effects
This is the subtopic of Professional Ethics and defines MNC, Classified MNC, History and Evolution, Structure, SWOT Analysis, Reason, MNCs In India and other.
The Growing Pharmaceutical Business in Latin America. By Fernando Ferrer. Mul...Fernando Ferrer, MBA
Presentation at the Meadowlands Chamber of Commerce. NJ, USA
Fernando Ferrer, MBA - October 30, 2013
The challenges of the Pharmaceutical business in Latin America
The global pharmaceutical retail market is forecasted to reach US$ 1.2 trillion by 2017.
The 33 Latin American countries when taking together possess certain regional common characteristics in their political, geographical, socio-economic, racial and cultural profile; but many peculiarities and differences that range from infrastructure to local regulations and market access, all of which must be understood in order to create and implement business strategies to capture the market of 600 million people.
Brazil, Mexico, Argentina and Venezuela rank already on the top 20 worldwide pharma markets. At a Compound Annual Growth Rate (CAGR) of 12% in 5 years, the sales forecast of the top 7 Latin American markets will reach close to US$ 110 billion, boosting the growth of other regional countries and life science markets.
During the presentation we will discuss on key factors to succeed when entering in these growing markets.
# 109425 Cust Pearson Au Deresky Pg. No. 3 Title Int.docxmayank272369
# 109425 Cust: Pearson Au: Deresky Pg. No. 3
Title: International Management: Managing Across Borders and
Cultures, Text and Cases, Server:
C/M/Y/K
Short / Normal
DESIGN SERVICES OF
S4carliSle
Publishing Services
was debatable whether M&M would be able to sustain a diverse
product portfolio at the global level. They questioned whether
M&M could be successful in the overseas markets, particularly
the U.S., given that it was an emerging-market company.
“EmErging-markEt” CompaniEs—
Changing global businEss sCEnario
Based on their economies, the countries of the world have been
categorized as developed and developing. While the developed
economies include various countries in Western Europe, the U.S.,
Canada, and Japan, the developing economies include Argentina,
Brazil, Chile, China, Egypt, Hungary, India, Indonesia, Malaysia,
Mexico, Poland, Russia, Thailand, and Turkey. The group of Brazil,
Russia, India, China, Mexico, and South Korea are commonly re-
ferred to as the Big Six (“B6”) by global management consulting
firm Accenture, as they are the leading developing economies.
Earlier, owing to their low-cost structures, the developing
economies served as mere outsourcing locations for the Multi-
National Companies (MNCs) of the West. However, the changing
global economic scenario had brought down trade and investment
barriers and integrated global supply chains, thereby paving the
way for the development of emerging markets. Some of the de-
veloping countries were witnessing rapid growth and thus the no-
menclature Rapidly Developing Economies (RDEs) was assigned
to them. The term “Rapidly Developing Economies” was used to
denote emerging markets such as China, India, Mexico, Brazil,
Russia, South Africa, Poland, Indonesia, Turkey, and South Korea.
Moreover, the importance of the emerging markets to the global
economy came into sharp focus as the world came out of the global
economic recession. Experts said that the importance of emerging
economies to world trade had been steadily increasing. Between
1990 and 2010, the annual growth rate of exports and imports from
emerging and developing economies averaged around 7.5% com-
pared to the figure of around 5% for developed economies.4
It was reported that the share of the RDEs in global trade
was growing significantly. Notably, RDEs were receiving high
Foreign Direct Investments (FDI). Between 2001 and 2006,
the growth rate of outward FDI (OFDI) from the B6 countries
in the form of Mergers & Acquisitions (M&A) was more than
50% annually.5 By 2006, the FDI outflows from the developing
economies stood at US$174 billion, equivalent to 14% of the
“I have been on record to say that my philosophy of going global is because if you don’t succeed abroad
or don’t have the capacity to succeed abroad and to carve out some turf abroad you are not going
to be safe at home [. . .]. If you want to compete with multinationals you have to ...
This presentation was done by combining many presentations and docs on slideshare. I got it from slideshare so thought of sharing it with everyone who will need it...
Assignment Questions1. What are the unique strategies that the e.docxssuser562afc1
Assignment Questions
1. What are the unique strategies that the emerging-market companies employ in pursuing globalization?
2. What strategies will M&M have to employ in the U.S. to be able to sell its SUVs?
3. What are the various alternatives in front of M&M in building its brand at the global level?
You will also integrate the questions throughout as part of your analysis. In addition, be sure to address the following:
• Provide a cultural profile of the company and it's historical background
• Discuss the communication issues as they move into emerging markets such as the United States
• Discuss the staffing policies and HR challenges that will be used
• Discuss leadership and motivation.
• Explain issues of concern that should be addressed
• Describe the organizational structure and changes necessary to facilitate expansion
Case 11 Mahindra & Mahindra (B): An Emerging Global Giant?
· “I have been on record to say that my philosophy of going global is because if you don’t succeed abroad or don’t have the capacity to succeed abroad and to carve out some turf abroad you are not going to be safe at home […]. If you want to compete with multinationals you have to be a multinational. So that is the logical rationale for going abroad.”1
–ANAND G. MAHINDRA, Vice Chairman and Managing Director, Mahindra & Mahindra Ltd., in 2010.
In 2011, India-based automotive giant Mahindra & Mahindra Ltd. (M&M) was featured on the Forbes Global 2000 list,2a ranking of the biggest and most powerful companies in the world. Besides M&M, some of the other Indian companies that figured on the list were Reliance Industries, State Bank of India, Oil & Natural Gas Corp., ICICI Bank, NTPC, Bharti Airtel, Larsen & Toubro, and Tata Motors. Emerging markets such as China and India, with 113 and 56 members respectively on the list, were growing steadily and gaining prominence at the global level, industry analysts said.
Based in Mumbai, India, M&M was one of the leading players in the Indian Multi Utility Vehicles (MUV) and tractor segments of the automotive industry as of 2011. Besides the automotive industry, the company has a presence in agribusiness, aerospace, components, consulting services, defense, energy, financial services, industrial equipment, logistics, real estate, retail, steel, and two-wheelers. The Group’s automotive sector, which manufactures and markets utility vehicles and light commercial vehicles, was the fourth-largest automaker in India as of 2010. As of 2011, M&M’s model range included more than 20 vehicles, including the Scorpio and the Xylo utility vehicles. After establishing its leadership in the Indian automotive market, M&M began to seek opportunities in global markets. The company stormed into the global limelight with the formidable success of its Sports Utility Vehicle (SUV)—the “Scorpio.”3 Going forward, M&M planned to expand its global reach by launching its vehicles in the international markets including North America, Europe, Africa, a ...
Globalisation means integrating the economy of a country with the world economy.
In India, the process of globalisation picked up with the policy reforms of 1991.
Globalisation refers to growing economic interdependence among countries in the world with regard to technology, capital, information, goods, services, etc.
The presentations describes the 1991 Liberalization Privatization Globalization(LPG) model of Indian economy. Following are the topics discussed in the ppt:
Reasons for implementing LPG
Definitions
Advantages
Disadvantages
Disinvestment Commission
Successful privatizations in India
FDI
MNCs
Effects
This is the subtopic of Professional Ethics and defines MNC, Classified MNC, History and Evolution, Structure, SWOT Analysis, Reason, MNCs In India and other.
The Growing Pharmaceutical Business in Latin America. By Fernando Ferrer. Mul...Fernando Ferrer, MBA
Presentation at the Meadowlands Chamber of Commerce. NJ, USA
Fernando Ferrer, MBA - October 30, 2013
The challenges of the Pharmaceutical business in Latin America
The global pharmaceutical retail market is forecasted to reach US$ 1.2 trillion by 2017.
The 33 Latin American countries when taking together possess certain regional common characteristics in their political, geographical, socio-economic, racial and cultural profile; but many peculiarities and differences that range from infrastructure to local regulations and market access, all of which must be understood in order to create and implement business strategies to capture the market of 600 million people.
Brazil, Mexico, Argentina and Venezuela rank already on the top 20 worldwide pharma markets. At a Compound Annual Growth Rate (CAGR) of 12% in 5 years, the sales forecast of the top 7 Latin American markets will reach close to US$ 110 billion, boosting the growth of other regional countries and life science markets.
During the presentation we will discuss on key factors to succeed when entering in these growing markets.
# 109425 Cust Pearson Au Deresky Pg. No. 3 Title Int.docxmayank272369
# 109425 Cust: Pearson Au: Deresky Pg. No. 3
Title: International Management: Managing Across Borders and
Cultures, Text and Cases, Server:
C/M/Y/K
Short / Normal
DESIGN SERVICES OF
S4carliSle
Publishing Services
was debatable whether M&M would be able to sustain a diverse
product portfolio at the global level. They questioned whether
M&M could be successful in the overseas markets, particularly
the U.S., given that it was an emerging-market company.
“EmErging-markEt” CompaniEs—
Changing global businEss sCEnario
Based on their economies, the countries of the world have been
categorized as developed and developing. While the developed
economies include various countries in Western Europe, the U.S.,
Canada, and Japan, the developing economies include Argentina,
Brazil, Chile, China, Egypt, Hungary, India, Indonesia, Malaysia,
Mexico, Poland, Russia, Thailand, and Turkey. The group of Brazil,
Russia, India, China, Mexico, and South Korea are commonly re-
ferred to as the Big Six (“B6”) by global management consulting
firm Accenture, as they are the leading developing economies.
Earlier, owing to their low-cost structures, the developing
economies served as mere outsourcing locations for the Multi-
National Companies (MNCs) of the West. However, the changing
global economic scenario had brought down trade and investment
barriers and integrated global supply chains, thereby paving the
way for the development of emerging markets. Some of the de-
veloping countries were witnessing rapid growth and thus the no-
menclature Rapidly Developing Economies (RDEs) was assigned
to them. The term “Rapidly Developing Economies” was used to
denote emerging markets such as China, India, Mexico, Brazil,
Russia, South Africa, Poland, Indonesia, Turkey, and South Korea.
Moreover, the importance of the emerging markets to the global
economy came into sharp focus as the world came out of the global
economic recession. Experts said that the importance of emerging
economies to world trade had been steadily increasing. Between
1990 and 2010, the annual growth rate of exports and imports from
emerging and developing economies averaged around 7.5% com-
pared to the figure of around 5% for developed economies.4
It was reported that the share of the RDEs in global trade
was growing significantly. Notably, RDEs were receiving high
Foreign Direct Investments (FDI). Between 2001 and 2006,
the growth rate of outward FDI (OFDI) from the B6 countries
in the form of Mergers & Acquisitions (M&A) was more than
50% annually.5 By 2006, the FDI outflows from the developing
economies stood at US$174 billion, equivalent to 14% of the
“I have been on record to say that my philosophy of going global is because if you don’t succeed abroad
or don’t have the capacity to succeed abroad and to carve out some turf abroad you are not going
to be safe at home [. . .]. If you want to compete with multinationals you have to ...
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
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what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
2. Dominations of MNCs over Indian Economy
• At present Multinational Corporations are having a stronghold over the
Indian economy. Even during 1970s, i.e. by two decades ago about 53.7 per
cent of the total assets of the giant sector were controlled by the MNCs.
• As per the estimates of the Industrial Licensing Policy Inquiry Committee,
in 1966, there were about 112 MNCs operating in India with assets worth
Rs. 10 crore or more.
• Out of these companies, 48 were either foreign branches or Indian
subsidiaries of foreign companies.
• Besides, there were 14 other companies, having heavy loans and equity
capital, which were almost controlled by foreign companies. Thus these
62 companies had nearly Rs. 1,370 crore worth of assets which jointly
constituted about 54 per cent of the total assets of the giant sector
operating in India.
2
3. Dominations of MNCs over Indian Economy
• D.S. Swamy was of the opinion that a good number of other
companies were also under foreign domination and some of these
companies were depending heavily on international financial
institutions for financial assistance. Thus during the mid-1960s,
Western foreign capital mostly dominated the big business of the
country and thereby controlled the apex of India’s industrial
pyramid.
• Another important feature of MNCs in India is that they have been
raising a major part of investment resources within the boundary
of Indian economy. Sudip Choudhury made a study on the source
of finance of MNCs during the period 1956 to 1975 by taking sample
of 50 largest foreign subsidiaries.
3
4. Dominations of MNCs over Indian Economy
● The study revealed that out of the total financial resources of these
companies only 5.4 per cent were contributed by foreign sources
(equity capital and loans) and the remaining 94.6 per cent were
contributed by domestic sources. Another study made by John
Martinussen revealed that amount of capital issues contributed by
foreign participation declined from 61.5 per cent all consent of public
limited companies in 1976 to only 29.5 per cent in 1980.
● Moreover, about 20 TNCs affiliated Companies also reduced their
foreign funding. During the period 1972 to 1983, some of these
companies did not obtain any foreign funds. Thus in reality, the MNCs
mostly collect their capital from within the country and repatriate a
big chunk of their profits to their parent countries.
4
5. Dominance of MNC’s Worldwide
The economic dominance of the multinationals is manifested by the fact that the
MNCs control between a quarter and a third of all world production and the total
sales of their foreign affiliates is about the same as the gross national product of all
developing countries excluding oil exporting developing countries.
The economic reform ushered in the developing countries, particularly the
liberalisation of foreign investment and privatization, might have given a boost to the
FDI in these countries.
In the case of the DCs, the investment and employment created by the MNCs have
been chiefly concentrated in about a dozen of the nations; China, Brazil, Mexico, Hong
Kong, the Philippines, Singapore, India, Taiwan, Indonesia and South Korea
accounting for a major share.
The value added to all foreign affiliates of MNC’s as a percentage of world GDP
increased from 5% in the beginning of the 1980s to nearly 10% at the end of the last
decade.
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6. Dominance of MNC’s
As the Brandt Commission observes, foreign investment has moved to a limited
number of developing countries, mainly those which could offer political stability
and the economic clout of the MNCs is indicated by the fact that the GDP of most of
the countries is smaller than the value of the annual sales turnover of the
multinational giants.
In 1997, the value of the sales of the US multinational, General Motors, the biggest
multinational in terms of sales turnover, was $ 178. 2 billion. Of the total 101
developing countries with a population of more than one million each, listed by
the World Development Report, only nine countries ( India, China, Mexico,
Argentina, Indonesia, Turkey, Brazil, Russia and S. Korea) had a GDP which was
more than this figure.
There were also several developed countries whose value of GDP was less than
this. It may be noted that in 1997 India's GDP was only $359. 8 billion
MNC’s foreign affiliates now account for 1/10 of world GDP and 1/3 of world
exports In 1999 6
7. Dominance of MNC’s
Due to the differences in the definition adopted, the estimates of the numbers of MNCs also
vary. According to the United Nations' World Investment Report 998, there were more than 53,
000 TNCs, which had more than 4, 50, 000 affiliates,
The United States and Europe are the homes for most of the MNCs. Their shares have, however,
been declining because of the growth of MNCs in other regions, Japanese MNCs have made
rapid strides in the 1970 s and 1980 s. In 1991, majority of the 10 largest multinationals (in terms
of sales) were Japanese.
Multinationals from developing countries such as S. Korea and Taiwan have also been making
their presence increasingly felt.
Of 50 largest economies, 14 were TNC and 36 were countries
Sales of foreign affiliates world wide $33 Trillion in 2010 and $3 trillion in 1980
GDP of most of the countries is smaller than some MNC giants annual sales volume
1) In 2021 Wal-Mart stores revenue $559.2bn whereas Norway GDP $ 445.51bn
2) Royal Dutch/Shell group revenue $ 268,690mn whereas South Africa GDP $ 213,100mn
3) General Motors Revenue $ 193,517mn whereas Nigeria GDP $71,318mn
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11. Recent Trends in MNC
Increasing emphasis on market forces and a growing role for
the private sector in nearly all developing countries.
Rapidly changing technologies that are transforming the
nature of organization and location of international
production.
The globalization of firms and industries.
The rise of services to constitute the largest single sector in
the world economy.
Regional economic integration, which involves both the worlds
largest economies and selected developing countries.
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