MNCs, PPP & Economic Policy

Essay Category: 2.3 | Last updated: 2026-06-04

PYQs Asked

Globalization would finish small-scale industries in India. -2006
Multinational corporations – saviours or saboteurs. -1994
Special economic zones: boon or bane. -2008
Is the criticism that the PPP model for development is more of a bane than a boon justified? -2012

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US "forced-labour" tariff on India (Section 301, 2026): Washington proposed a 12.5% tariff tied to forced-labour standards in supply chains, even as an India-US trade deal is negotiated. Shows how globalisation is being re-weaponised — trade access conditioned on labour/ESG standards (cf. EU CBAM on carbon) — and how MNCs/global supply chains expose developing-country sectors (brick kilns, quarrying) to external leverage. Good for "globalisation would finish small-scale industries" (-2006) and MNCs "saviours or saboteurs" (-1994). (Indian Express, 04-06-2026; The Hindu, 04-06-2026)

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