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 meeting may be timed during the last month of each quarterly reporting period to allot time to resolve any identified concerns impacting quarterly operating earnings of the MNE or its affiliates.
Given that the corporate tax department's extensive consumption of intercompany transaction information affects key international tax and TP planning and compliance initiatives, and given that the department often assumes responsibility for nonnative intercompany transactions, a best-in-class alignment of functional expertise and intercompany transaction responsibilities across an MNE is clearly desirable.
In attempt to describe the amount of fragmentation present per element within the assemblage, the MNE is divided by the NISP (Table 1).
MNE, MNI, and MLNI estimates are represented in Table 2 and Figure 1.
Skilled labour in a cluster is highly valued by MNEs because a MNE can transfer, and so leverage, the knowledge embodied in that labour across different countries (Al Ariss et al.
What of the second criterion, the need for the cluster to have a substantial MNE component?
MNEs: value added; employment; expenditures for property, plant, and equipment; U.S.
MNEs worldwide increased 0.4 percent, reflecting a decrease in U.S.
Therefore it is prudent to investigate if the 'level of comfort' among MNE employees varies based on different combinations of cultural backgrounds.
h1: 'Level of comfort' (defined as above) among MNE employees of different pairs of national cultural background vary among different combinations of national background.
The MNE decreased in high MP compared with low and medium MP (linear: p<0.01 and quadratic: p = 0.04) and averaged 0.26, 0.22, and 0.20 in low, medium, and high MP, respectively.
taxation of a foreign MNE's domestic-source income.