Respond/reply to this discussion and use ONLY 1 reference from a peer-reviewed journal article (Please use only 1 reference). Whether you agree or disagree, explain why you agree or disagree with supporting evidence and concepts, and avoid summarizing.

Multinational firms have a big impact on the world economy. A multinational firm is a company that has its services in two or more countries in the world. That is what makes a business considered multinational. These companies are all centered around the business's main base of operations in the country where the industry was created. Multinational firms are very impactful to the world economy because they affect global factors like employment. However, multinational firms tend to find secrets because they can get out of not paying taxes and using labor to make use of the goods a firm is producing. At the end of the day, multinational firms are very beneficial to our global economy because they encourage more and newer businesses to become multinational, and that way they can get the global economy the goods and services they need that they might not be able to get depending on what businesses and firms are around them. Perhaps the most important thing that comes from multinational firms is that they increase the ability to hire more people and that can create innovation which is very important in running a successful firm. Hiring newer and more employees opens up the firm for a chance to try new ideas and use newer technologies and this means that the firm can grow bigger and makes the company successful. That is why multinational firms are so important in our global economy because they can expand their goods and services to other parts of the world and also attract newer employees to join the labor force which will help grow the company in a good direction.

Respond/reply to this discussion and use ONLY 1 reference from a peer-reviewed journal article (Please use only 1 reference). Whether you agree or disagree, explain why you agree or disagree with supporting evidence and concepts, and avoid summarizing.

A multinational firm is a company that controls and owns the production of goods or services in at least one country other than its own, while also doing more than just importing and exporting goods. Multinational firms move goods, skills, and resources across nations. Traditionally it would have been very large companies would have competed worldwide but as technology increases and time changes more and more small and medium-sized companies have started pursuing international markets. Today 304,000 small and medium-sized firms export goods from the U.S.( Lamb, C. W., Hair, J. F., McDaniel, C. ). Benefits of globalization include, a competitive drive to down prices and increase product and service quality, cooperation's look for countries that offer lower labor costs and are higher in technology to get the product done faster, businesses are looking for the most efficient companies to get the job done faster. Globalization expands economic freedom. For less developed countries globalization offers access to foreign capital, global export markets, and advanced technology. Many US-based multinationals earn a large percentage of their revenue abroad. Examples of large multinationals include Walmart, ExxonMobil, Apple, GM, and ford. MNEs are promoting growth and employment by creating new jobs, realizing investments, bringing new technologies, and allowing host economies to integrate and upgrade global value chains. (Cepr.org) MNEs and foreign affiliates account for 1/3^rd of the output and GDP. MNEs are important because they help countries out, by bringing goods or services that one country cannot produce by there selves.

Respond/reply to this discussion and use ONLY 1 reference from a peer-reviewed journal article (Please use only 1 reference). Whether you agree or disagree, explain why you agree or disagree with supporting evidence and concepts, and avoid summarizing.

The multinational firm generates several effects on the country that they operate in areas of economic growth, innovation, and technology capacity. Also, multinational companies have an impact on areas of employment, market structure, and balance of payment. The positive effects of multinational firms are that they facilitate the national development of developing economies by offering financial and technical assistance to the firms and through foreign direct investments. Also, the multinational enhances the export base of the developing economy by eliminating the need to rely on the export of primary goods but instead on value-added products. The entry of a foreign company increases the level of competition and consequently results in improved productivity and the availability of quality products at affordable prices to consumers. Equally important, the activities of the multinational firms in the host countries generate positive spillovers to the local firms thus reducing the average cost of production of the domestic firms hence increasing their their-cost margin which eventually increases the survival rate of domestic firms in the market. multinational firms create employment opportunities with highly skilled and competent workers around the world since they have subsidiary companies operating in different countries with diverse employees hence they integrate the employees into their system. Most multinational firms enter the international markets through the acquisition of an existing company. They also enter the market through sequential entry and joint ventures with the firms that are already operating in the market. Multinational firms invest through foreign direct investments which involve the creation of long-term relationships in the interest of a particular economy. The multinational firm, therefore, has specific roles in the global economy and affects the global economy in both positive and negative ways.