The economic penetration by multinational corporations shapes and distorts cultural patterns in developing countries. The Westernization, particularly, the Americanization, of culture presents a formidable threat to the cultural integrity of the non-Western world. Nevertheless, the know-how of these corporations is necessary to fuel the economic development of the developing countries.
Which of the attributes of the multinational corporation do you agree with: a contributor to growth or a threat to culture? Support your point of view with specific reasons or examples that you have observed or read about.
Economic development without change is inevitable. Every change comes both with some great benefits and drawbacks. The multinational corporations bring a great diversity in their culture with the economic development of the developing countries.
We will consider the case of India to strike out the examples of each point. First of all, we cannot deny the fact that the multinational corporations bring economic development as observed in India, with India becoming a major economic superpower now in just more than a decade after liberalization achieving about 8% growth every year now. At the same time, they bring the notion of an attitude to do business in the global arena. For example, when Indian companies were doing business only in India, now companies like TATA are becoming more global with acquisitions of Corus, Land Rover and many more. Thirdly, they bring a change in the culture of doing business by introducing the nature of risk-taking attitude, accepting responsibilities and making commitments to them and thus, dare to follow their dreams to become successful Entrepreneurs like Narayana Murthy of Infosys. Hence, they make people more open-minded and view a same thing in various different angles and then, not only criticize but also appreciate them, if needed.
At the same time, Western culture like that of America brings some too much openness mindset, which contradicts the prevailing tradition of a developing country like India. As talking about Sex, losing virginity before marriage and controversial topics like same-sex marriages is strictly a “NO” in the Indian society, the Western culture puts the whole society in a chaos mindset. While younger generation seems to accept it, the older generation still fights with such topics and ultimately, creating an environment of a generation gap and miscommunication and misunderstandings among the blood relations. At one point, it generates awareness but at the same time, exposing the young generation to too much sex and violence turns out to be as spiritual spoilsport in developing countries like India. Sometimes, such scenarios result in extreme form of lust, thereby increasing the rate of crimes like rape, sexual assault and many more, resulting in more exploitation of feminine gender. The cross-religious beliefs also play chaos. As changing and believing religions become more acceptable, it sometimes results in dangerous riots killing innocent people.
Thus, the multinational corporations bring both good and bad cultures to the developing countries but at the same time, they show us the ways to strengthen our character and values, thus, accepting what is good and rejecting what is bad. After all, the development of the economy is for the good of the society, people and both the developing and the developed country for their economies and culture, thus, creating a space for mutual learning and improvement.