multinational corporation


Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Acronyms, Wikipedia.

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 ?
It's only in relatively recent years that Hollywood became the playground of multinational corporations which regard movies and TV shows as a minor irritant to their overall activity.
In an effort to minimize multinational corporations' ability to utilize BEPS transactions in this manner, the Treasury issued Proposed Treasury Regulations section 1.385 on April 4, 2016, and finalized it on October 13, 2016.
Acceptance of codes of conduct within the structure and mentality of the multinational corporation can be difficult, or at the very least time-consuming, and can require that there be a shift in the standards of the corporation.
Multinational corporations with significant exposure to foreign currency exchange risk generally develop a risk management policy.
This provision was a step toward not nationalizing multinational corporations but, rather, communitizing them.
These nations, according to the report, take advantage of minimal and otherwise non-existent transparency, systemic loopholes and non-implementation of anti-avoidance mechanisms in a racket where an estimated $500 billion in corporate tax is dodged each year globally by multinational corporations.
Earlier in her address, Minister for Defence Production Zubaida Jalal said that multinational corporations working in Pakistan should focus on socially responsible investments and engaging the local communities.
Compliance in Multinational Corporations: Business Risks in Bribery, Money Laundering, Terrorism Financing and Sanctions
China has demanded multinational corporations, and especially airlines, change references to Taiwan on their websites, mainly by adding the word 'China' or 'Chinese' to imply that Taiwan is not a separate independent country.
He argued that the Act deprived the farmers of their traditional farming practices and instead the multinational corporations had been accommodated to protect their genetically breeding practices which was contagious to the environment, anti competitive harmful for the national economy.
LAHORE: TheLahore High Court (LHC) on Friday warned Plant Breeders Rights Registry (PBRR), a body said to have been made by the government to protect the interests of the multinational corporations (MNCs) manufacturing the genetically modified seeds, of halting its functioning while issuing summons notices to the officials to appear before the court on the next hearing.
Sources revealed that multinational corporations have started signing Pakistani actors due to continuous terrorism charges.

Full browser ?