multinational corporation

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Related to transnational: Transnational company, Transnational law

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 ?
TransNational Payments' new mobile devices were built to accept such payments, including Apple Pay, Google Pay and Samsung Pay, in addition to EMV chip cards and magnetic stripe payments.
Guest speaker Tuemay Aregawi Desta, Head of the Transnational Organized Crime Pillar from the Inter-Governmental Authority on Development (IGAD), provided an overview of the transnational crime context in the region, referencing challenges with human trafficking and smuggling, as well as drug and firearm control.
Next year's election, and potentially a transnational list backed by Macron, could increase the French president's voice in the EU assembly.
Even the Zionist movement was a transnational endeavor: Although it aimed at the foundation of a nation state, its membership transcended existing national borders.
The concept of normative legitimacy within transnational governance is instrumental in global management.
In the "Foreword," Barry Jordan expresses his concern that the transnational might (already have) become a "passing panacea [that is] overly prescriptive and superficial" (xviii).
The team coordinates the Transnational Organized Crime Rewards Program, which offers rewards for information leading to the arrest or conviction of members of transnational criminal organizations.
While Deborah Hertz tackles the biography of Rosa Luxemburg in search for transnational attitudes in her life story, Jeffrey A.
Transnational Law Review continues to provide its members and subscribers with the opportunity to develop an understanding of both public and private international legal issues.
TransNational was also named a top-three finalist for the Electronic Transactions Association's 2016 ISO of the Year Award earlier this year, which spotlights companies that have made a significant difference in the payments industry.
In other words, if we put the eight articles in a transnational matrix, they will cultivate the sense of sharedness among researchers.
Trafficking in Persons Protocol--Protocol to Prevent, Suppress and Punish Trafficking in Persons, Especially Women and Children, supplementing the United Nations Convention against Transnational Organized Crime

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