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multinational |
Also found in: Dictionary/thesaurus, Financial, Wikipedia, Hutchinson | 0.02 sec. |
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multinational 1. (of a large business company) operating in several countries 2. such a company How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Still, the ascendance of Chinese firms represents a fundamental change in the global competitive landscape that once was the exclusive domain of multinationals from Europe, the United States and Japan. Even more novel is that what is emerging is not one but four world economies: a world economy of information; of money; of multinationals (one no longer dominated by American enterprises); and a mercantilist world economy of goods, services and trade. But when economists looked at reams of economic data on wages and workers' rights in developing countries, they found that multinationals generally paid more--often a lot more--than the wages offered by locally owned companies. |
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