Multinational companies can provides goods that were previously unavailable in the developing countries. The multinational companies can also create join ventures with existing markets, during which they will pass on their knowledge and technology to developing countries. Furthermore, the consumers are also going to be benefited from lower prices, higher quality goods and broader selection, leading to the overall improvement in the standard of living in the country’s population. An example of this can be the economic development of Singapore from the 1960s to the 1990s Singapore’s growth has been mainly facilitated by foreign direct investment. In today’s global perspective Singapore is considered as one of the most conducive business hubs in the world with HDI values and GDP values that no one could have foreseen.