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 ?
Groups that have not previously maintained particularly close connections to their home country, like the Southern or Eastern Europeans, have experienced a renewed interest in transnational connections.
14) Setting the history of Britain in the wider geographical framework of empire draws attention to the very wide range of transnational movements involved in the history of domestic service in the nineteenth century, and especially the migration of British and Irish women to Australia, Canada, New Zealand and South Africa.
Global Environmentalism and Local Politics examines the interplay between local, national, and transnational organizations in three different countries.
There is, too, the global struggle against transnational crime and illicit activity.
The conference permitted participants to establish working relationships with one another, but it also highlighted gaps in comprehensive transnational quarantine planning.
Transnational networks that emerged after the 1991 Gulf War, however, are more complex than cross-border alliances between Kurdish nationalist groups and central governments.
Clinton's order said one of the seven categories of information that could be classified was "vulnerabilities or capabilities of systems, installations, projects, or plans relating to the national security" Under Bush's order, that definition was expanded to "vulnerabilities or capabilities of systems, installations, infrastructures, projects, plans, or protection services relating to the national security, which includes defense against transnational terrorism.
Another student commented that the "personal touch to the discussions" added an experience "unlike anything we could discover in the texts" and made "the transnational discussion forums a unique platform for learning and exchange.
It's possible, at first, that few transnational firms will qualify for membership," Johnston acknowledged to the JofA.
One Transnational MBA group just returned from a three-day trip to Dublin, Ireland, where the group studied management of technology, incorporating visits to companies such as Ericsson, IBM, Lotus, Intel and Dell and presentations by DoubleClick.

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