Marxists Have Long Argued That MNCs Exploit Labor and Resources

question 47

Essay

Marxists have long argued that MNCs exploit labor and resources, especially in the Global South.Is this view accurate? Discuss how realists and liberals would respond to the Marxist position.

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Definitions:

Short Run Exchange Rate Risk

Short run exchange rate risk pertains to the potential for losses that investors or companies face due to fluctuations in the exchange rates between currencies in the near term.

Custom-Designed Refrigerators

Refrigerators that are specially designed to meet specific customer requirements, differentiating them from standard models.

Royalties

Payments made by one party (the licensee) to another (the licensor) for the right to use a particular property, typically intellectual property.

Foreign Subsidiary

A company that is owned or controlled by another company but is located in a country different from the parent company.