Date of Publication :20th May 2021

Abstract: Today the world has become a global village. A place where at the click of a button we can connect to the other side of the globe at ease. It’s majorly due to transnational entities or the multinational companies. Today business is not limited to a region. A business if it wishes can happen cross country. This multinational companies are very large. There turnover can even go beyond a countries GDP. Their work culture, country wise variation, exports, imports ;etc is very impactful and vast. One important and prominent example is Walmart. They operate in chains in almost all part of the world – a multiproduct departmental retail store. The presence of this multinational/transnational companies have not only impacted in different economies have created a cross cultural amalgamation. Millions of employees from different parts of the world earns their daily living from this corporates. Not only that, they also comingle with people of different nationalities. Thus a cross cultural exchange happens in the form of lifestyle, work culture;etc.Though their impacts are positive they possess demerits too. Many countries fear that they may impact politically in one country’s administration. Specially in India since it happened once i.e the East India Company scenario. For which until 1991 India emphasized on aclosed economy after independence. But due to entrapped by a debt trap on the the suggestion from IMF India opened out the economy to the globe in the year 1991.

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