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 ?
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.
The United Nations should also reach out to businesses, he said, adding that national and transnational enterprises were keen to help out because the UN's development agenda is equally important for their growth.
In the same period 27 transnational enterprises signed letters of intent with MOEA to invest in Taiwan an estimated NT$108.
Still, the radical reduction in the cost and ease of movement and communications, the spread of education and urbanization, the triumph (conceivably transient) of liberal ideas and practices in trade and investment, and the related elaboration of intergovernmental norms and institutions, transnational enterprises, nongovernmental organizations (NGOs), and now social and religious networks (national as well as transnational) have diversified identities and multiplied communities of interest and value.
Recent articles on transnational social space, the global immigration marketplace, and transnational enterprises appear in International Migration, Asian and Pacific Migration Journal and International Journal of Urban and Regional Research.
Pinochet responded: "We solved the problem of the large transnational enterprises.
They saw transnational enterprises as an elite of global corporations that would make everything everywhere and would sell it to everybody.
In recent years these issues have included: the protection of human rights in the inter-American system, the work of specialized inter-American conferences on private international law, the law of treaties, the law of the sea, transnational enterprises, integration, environmental law, extradition, asylum, international responsibility, international contracting, international trade, the legal immunity of states, collective security in the inter-American system, and the peaceful resolution of disputes.
The first interpretation is for the extending of mind and vision, where enterprises become not only leaders of emerging markets, but also active participants in global markets, and future thought leaders, while demonstrating leadership as transnational enterprises.

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