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 ?
The property was built as the world headquarters for a multi-national corporation.
Battles provides strategic communications counsel and support for the Chairman and leads the media relations, financial communications, corporate contributions and employee volunteerism, diversity communications and issues management strategy for the $4 billion multi-national corporation.
Second, it is absurd to scapegoat Henry Ford for the Iraq War when evidence shows multi-national corporations intertwined with internationalist organizations like the Council on Foreign Relations or Bilderbergers are the real culprits for this Middle Eastern mess.
Luxembourg Government Encourages Multi-National Corporations to Pool the Assets of Their Pension Funds Using Investment Vehicles With the Abolition of Subscription Tax
The authors decided to test the burgeoning anti-sweatshop movement's claims that multi-national corporations oppress workers in developing countries.
The site is aimed at people faced with the challenges of managing foreign exchange on a day to day basis, who, until now, had no place to improve their knowledge and understanding of the complexities of managing foreign exchange inside multi-national corporations.
The Alliance was created to better serve multi-national corporations with their interior design requirements through improved consistency of service, a tight code of professional ethics and the ability to successfully navigate cultural differences and local requirements.
Accommodating the processes of multi-national corporations that clear payments in different countries around the world can be a difficult task for banks, particularly if they rely on various point solutions to address the requirements of specific countries or regions," said Maggie Scarborough, Research Manager, Financial Insights.
Pozycki, Chairman and CEO, SJP Properties, said, "This is great news that one of the world's leading multi-national corporations is continuously growing in New Jersey and is planning a significant new investment to expand its operations.
Stevens has spent the majority of his career as a corporate reorganization and re-engineering executive with major multi-national corporations, including a 15 year tenure at the American-Standard Companies (NYSE:ASD).
American born and the holder of a master's degree in real estate from the University of Denver and a bachelor's degree in engineering from the University of Colorado, White has spent many years servicing the real estate needs of multi-national corporations.
The company provides domestic and international freight forwarding and transportation services to a roster of local and multi-national corporations.

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