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 ?
Albayalde said that he was contented on the overall security at MNC and PNP Oplan Undas deployment will be extended until the weekend because the public is still expected to visit the cemeteries.
Against this background, the key research question that we aim to address in this study is--how do the various CPA strategies of MNC subsidiaries contribute to the goal of achieving MNC subsidiary legitimacy.
The number of branch points was significantly greater in the PB-MNC+ compared to PB- MNC groups (N = 7/group).
The DG ANF replied that the MNC was presently facing acute shortage of human resource and capacity to go after every institute.
The work is also closely related to Di Corato [33], which only studies the investment decisions of MNC under the threat of nationalization and ignores the effects of an abandonment option on investment timing in cooperative games.
The number of visitors to the MNC more than doubled compared to Monday, Oct.
On a daily basis, the speed enabled by this new edit workflow--built on one of the world's largest installations of MXFserver clients--makes it possible for MNC TV, RCTI TV and Global TV to get content to air more quickly.
MNC headquarters are, on average, the most agglomerative, meaning that they are most concentrated geographically.
Madden says the MNC anticipated having to undertake another court case in order to establish the right to negotiate.
Ruihua replaces Mazars LLP, previously the independent auditor for MNC Media Investment Ltd.
Trump Hotel Collection has signed a deal with Indian investment group MNC Group to manage a luxury resort and residential development in Bali.
GURGAON police on Saturday arrested a woman for allegedly hacking user IDs and passwords of MNC employees with the help of her husband and illegally transferring the money in their account.