Essay on Multinational Companies   They have been responsible
for the rapid economic liberalisation in India in 1991, the
question of the entry of multinational corporations (MNCs) has
assumed significance.  Multinationals corporations, mostly from
the United States, Japan and other industrialised nations of the
world, have en­tered our life in a big way. Foreign investment
proposals and commercial alliance have been signed on an
unprecedented scale, thus giving rise to the controversy whether
these multinational corporations are our saviours or saboteurs.
This is so because of the vital difference between the economies
of developed and developing nations. This requires that the
entry of multinational corporations in India be examined from
this angle.  According to A.K. Cairn cross, “It is not possible
to buy development so cheaply. The provision of foreign capital
may yield a more adequate infrastructure, but rarely by itself
generates rapid development unless there are already large
investment opportunitie