multinational corporation

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multinational corporation,

business enterprise with manufacturing, sales, or service subsidiaries in one or more foreign countries, also known as a transnational or international corporation. These corporations originated early in the 20th cent. and proliferated after World War II. Typically, a multinational corporation develops new products in its native country and manufactures them abroad, often in Third World nations, thus gaining trade advantages and economies of labor and materials. Almost all the largest multinational firms are American, Japanese, or West European. Such corporations have had worldwide influence—over other business entities and even over governments, many of which have imposed controls on them. During the last two decades of the 20th cent. many smaller corporations also became multinational, some of them in developing nations. Proponents of such enterprises maintain that they create employment, create wealth, and improve technology in countries that are in dire need of such development. Critics, however, point to their inordinate political influence, their exploitation of developing nations, and the loss of jobs that results in the corporations' home countries.

multinational company

or

multinational corporation

a company which operates from a home base in one country with subsidiaries in others. The term transnational company has increasingly been preferred to describe large international corporations since they may not have an easily identifiable home base. World economy and trade is increasingly dominated by such companies which many authors see as outside the control of national governments. This raises issues of the control which such governments have over their own economies. Whilst the role of multinational companies has been decisive for the fate of THIRD WORLD economies and is central to the concept of IMPERIALISM and NEOIMPERIALISM, the largest companies have the majority of their investments in industrial countries. Investment in the Third World may not be the most important area for multinational companies, but they derive high profits from such investments and the effect on small Third World countries can be very significant. See also DEPENDENT INDUSTRIALIZATION, DEPENDENCY THEORY, UNEQUAL EXCHANGE.
References in periodicals archive ?
BETZDORF, Luxembourg -- SES ASTRA, an SES GLOBAL company (Paris:SESG) (LuxX:SESG), played an important and successful role in the content delivery and distribution of the 2006 FIFA World Cup(TM) hosted in Germany in June and July.
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I am certain that his vast experience as a leader in a major global company managing different skills over several geographies with different cultures, coupled with his excellent business management skills, will become key components in driving ECI as a true global company to its future success.
In addition, the documents filed with the SEC by Harbor Global may be obtained free of charge upon written request by an investor to Harbor Global Company Ltd.
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SES ASTRA is an SES GLOBAL company (Euronext Paris and Luxembourg Stock Exchange: SESG).
BETZDORF, Luxembourg -- SES ASTRA, an SES GLOBAL company (Paris:SESG) (LuxX:SESG), has announced today that it has signed a new transponder contract with the British commercial TV broadcaster Five.
BETZDORF, Luxembourg -- SES ASTRA, an SES GLOBAL company (Paris:SESG) (LuxX:SESG), has announced today that it has signed a capacity agreement with ROOS, the association of Dutch public regional broadcasters, for the digital free-to-air distribution via ASTRA of ten Dutch regional broadcasters.

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