Multinational Corporations And Economic Development In Mogadishu, Somalia

ABSTRACT

The study titled “multi-national corporations and economic development

attempted and investigated on the role of multinational corporations (MNC5) on

economic development in Mogadishu-Somalia. The study objectives related to

identifying profile of respondents, the contribution of MNCs, degree of economic

development, and establishing relationship between MNCs and economic development

in Mogadishu-Somalia. The study found out that MNCs comply by the rules and

regulations of the country, they buy productive assets in the country and they pay their

employees relatively high. The study found out that the MNCs do not support research

and innovation; they do not involve buying or renting housing facilities for their workers

as well as not respecting Somalia culture. The study found out that a higher degree of

economic development indicators of being highest tax payers and encouraging

competition of deferent sectors in Mogadishu-Somalia.

The study found out that a low level of economic development brought about by MNCs

in Mogadishu, Somalia. The study recommends that the government in Somalia, the

management of MNCs other stakeholders emphasis: Buying or investing in housing

facilities by focusing of real estate’s investments and development in Mogadishu

Somalia, and supporting local action research to develop relevant interventions that suit local context at macro and micro economic levels.