Beneficial Ownership And Multicorporation: A Legal Analysis Of Transparency, Accountability And Regulatory Framework In India
- IJLLR Journal
- Mar 31
- 1 min read
Selva Meena. G, SRM School of Law, SRM University, Kattankulathur, Chennai
Sailesh Kumar, SRM University, Kattankulathur, Chennai
ABSTRACT
Multinational corporations have reshaped the structure of the global economy, influencing investment, demand, supply and trade liberalization across national borders. This analysis examines whether Multinational corporation function primarily as drivers or beneficiaries of globalization. The study highlights that Multinational corporation operate both as drivers and beneficiaries of globalization. On other side globalization has enabled corporations to access new consumer markets, cheaper labour, foreign direct investment opportunities and cross border production networks. Their ability to allocate resources, transfer technology and mobilize capital across borders acts as the key architects of economic globalization. Multinational corporation are not just market participants they also influence rule-making. Multinational corporation have also played a vital role in deepening and institutionalizing these processes. Through branding, advertising and standardized products the Multinational corporation shape global consumer culture. The paper expands the dual role of Multinational corporation within the global economic framework, discussing that globalization has enabled them to expand through trade liberalization and at the same time Multinational corporation actively shape global markets and restructure production networks across countries. It concludes that understanding this dual character is essential for developing balanced regulatory mechanisms and ensuring that globalization promotes equitable and sustainable economic development.
Keywords: Multinational Corporations; Globalization; Trade Liberalization; foreign direct investment; Global Markets; Economic Governance.
