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 Emergence of Small Transnational Enterprise in Vancouver: The Case of Chinese Immigrant Entrepreneurs.
While the issue of the transnational enterprise (and its relationship with the nation state) has not been subjected to any major dissenting views in the field of management, it has been the subject of many contentious debates in some of the other social sciences, especially the fields of economics and political science.
If Jacobs' principles and conditions were to be respected by transnational enterprise, major states, and global institutions, then the free flow of goods, capital, and services called `globalization' might be viable, sustainable, and healthy.
For most of the postwar period, analysts of the transnational enterprise (both critics and defenders) have seen it as the vehicle for integrating the world's economies.
Paul has a keen understanding of intelligence and more importantly what it means to a transnational enterprise.
Collazo was recognized for his leadership in building a powerhouse global services provider and the first truly transnational enterprise in the telecommunications industry.
Skyworth Electronics Group is a large, modern transnational enterprise specializing in the development, production and distribution of consumer electronics, network and communication products.
Skyworth Electronic Group is a large, modern transnational enterprise specializing in the development, production and distribution of consumer electronics, network and communication products.
We view it as a model of a successful working relationship between a small, high technology company and a large, transnational enterprise with its marketing and manufacturing capability.
During the tour, Yili visited Unilever, Royal DSM, Robobank, Philips, Friesland and other transnational enterprises and looked over Food Valley, Wageningen University and Holland Research and Development Center for further learning and exchanging on innovation, corporate culture, precision management and food safety and.
Among them, Samsung, SK Group, Hyundai Heavy Industries, Kumho Electric and other transnational enterprises all invested in Shenzhen.
An ICBC executive said that by resorting to means such as refined management, big data mining and information monitoring, and its integrated global technology platform, multi-disciplinary professional teams, and worldwide service network, ICBC has innovated global cash management service mode, improved one-stop service capability, and met the diversified business demands of transnational enterprises.

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