India brought about by liberalization and globalization of the economy. Structural changes in terms of employment of labour … substitution of capital for labour in almost all states. In the pre-globalization period the industries experienced increasing … returns to scale. Globalization has given way to diminishing returns to scale. Along with a rise in industrial output …

Transnational corporations (TNCs) have a central role to play in globalization. At the same time, globalization carries … risks for the corporation, and not all of those associated with TNCs may support globalization. While much of the … globalization literature suggests that corporations are globalizing their production systems, or contributing to a global culture …

Transnational corporations are the components of the process of internationalization and globalization of world economy …