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Perceptions of managers in Kuwait about multinational corporations’ role in changing that country’s business Environment
Relationships between multinational corporations and developing nations are known to have benefits as well as costs, particularly for the host country. The perceptions of managers on the effects of MNCs on a developing nation are investigated. Using a sample of 1,344 Arab and non-Arab managers in Kuwait, it is found that the respondents perceive positive effects of MNCs on the business-economic, legal-political and technological environments of the country. However, the effects of MNCs on the social-cultural environment in Kuwait are perceived as negative. It is recommended that MNCs operating in Kuwait be sensitive to these perceptions to ensure harmony in future business ventures
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Headnote
PERCEPTIONS OF MANAGERS IN KUWAIT ABOUT MULTINATIONAL CORPORATIONS’ ROLE IN CHANGING THAT COUNTRY’S BUSINESS ENVIRONMENT*
Headnote
Relationships between multinational corporations (MNCs) and developing nations are known to have benefits as well as costs, particularly for the host country. The purpose of this study was to investigate the perceptions of managers on the effects of MNCs on a developing nation. Using a sample of 1344 Arab and non-Arab managers in Kuwait, the authors find the respondents perceive positive effects of MNCs on the business-economic, legal-political, and technological environments of the country. However, the effects of MNCs on the social-cultural environment in Kuwait are perceived as negative. The authors recommend that MNCs operating in Kuwait be sensitive to these perceptions to ensure harmony in future business ventures.
INTRODUCTION
Relationships between multinational corporations (MNCs) and developing nations often are described as controversial. In the past, developing countries exhibited emotional and official hostility towards foreign direct investment (FDI)….