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 ?
Established in 1999, MNC Media Investment Ltd is a provider of rich and engaging services and content to a wide range of traditional and new media consumers and enterprises in Mainland China, Indonesia, Malaysia, Hong Kong and Singapore.
The MNC representative said a survey was underway in other markets too to ascertain availability of counterfeit goods in violation of agreements signed by the country.
Following a visit of an MNC Group delegation to New York City, Donald J.
Keywords Internalization advantages * MNC knowledge inflows * Subsidiary importance * Subsidiary local experience
Moreover, an analysis of these laws indicate that, compared with other intellectual property rights, trade secrets present an especially high evidentiary burden on plaintiffs and could involve a complex procedure that could create many traps for an MNC.
DE), a provider of telecommunications equipment, network solutions and mobile devices, announced today that MNC Kabel Mediacom has deployed the first ultra-broadband Internet service in Indonesia by leveraging ZTE's gigabit passive optical network (GPON) technology and FTTH (Fibre to the Home) technologies.
She is extremely playful and loves to lie on her mother's back," Grant Furniss, head of Animal Management at MNC, told Gulf News.
NAHO's Web site confirms that the AFN is no longer a member organization, although ITK and MNC remain.
The magnitude of the achievement of the MNC in organising itself as a nationwide party, and managing to hatch viable alliances is not often appreciated, because few people realise that Congo is as big in size as all the countries of Western Europe put together
The types of knowledge, the relationship thereof and its influence on the performance of the organization, as well as concepts such as social network and "relational embeddedness" within a MNC are approached hereunder.
The MNC possesses a production technology that is superior to that of the domestic firm.
com)-- MNC Wireless Berhad ("MNC"), a Malaysian based mobile and digital solutions company has introduced Mjuice, a highly targeted direct marketing solution that lets business owners and marketers leverage behavioral targeting to interactively engage only the customers that are relevant to them.