lose value (Wilson, 68). The idea would be evident because some reasons such as skills,
intelligence, and knowledge are inevitable. This would result in prejudice and discrimination due
to conflict and lack of opportunities. Based on sociology understanding, power is viewed as
influential ability towards people. Upper-class people in society have essential elements of
influencing group members (Wilson, 65). These elements involve authority, social status, and
wealth. As such, low-class people can have prestige in the social system but not able to have
power or wealth for influence. For example, a driver can enjoy driving the boss' vehicle but not
able to influence people as a personal wealth.
Multinational corporations in a developing country involve foreign firms which operate
with an aim of investing in that country. These corporations have valuable assets of investing in
more than one country. They can be beneficial in the following ways to a developing country.
One, they increase investment thus injecting foreign resources for economic growth (Wilson,
78). Two, they initiate technology transfers. Multinational Corporations create technology
advancement when they are allowed to operate in a developing country. Other benefits include
the transfer of skills, an increase of tax, reduce the gap between labor and capital and encourage
competition. On the other hand, they are associated with some critics. They tend to undermine
economic and social right of people in a developing country. They create unmatched budget
compared with local business especially in their mode of advertisement (Wilson, 70). Equally,
foreign firms create technological fraud in the agreement of transparent technological transfer.
For example, Facebook is a multinational corporation that operates globally. The corporation is
associated with benefits and harms to many developing countries across the world.