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


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 newspaper aims to convince the readers that even if Serbia is a loser in terms of realpolitik, and not supported by the existing transnational community, Serbia is nevertheless a winner in terms of spiritual and moral values, which define an ideal transnational community.
While these two theoretical approaches have traditionally been kept separate, according to Trousdale, the power of transnational literature not only reveals an otherwise unexplored intersection between the postcolonial and the postmodern, it also emerges as a "world-fashioning" at the site of this juncture.
Broadhurst and Le contend that traditional policing (criminal justice), military and national security agencies should work more effectively and seamlessly in reducing the harm of transnational organized crime.
Transnational law and globalization talk is in vogue.
Family members spread across continents use smartphones and social media platforms, as well as send remittances and care packages to maintain transnational linkages.
In the bill's explanatory note, Pacquiao underscored the effects of terrorism and other transnational crimes to the country's infrastructure, as well as how such crimes result in loss of lives that destroy families.
Transnational parenting shows the Filipino values of sacrificing for the family, the importance of the children's education as one of the main reasons for departure to secure their future, and the importance of both the mother and father's nurturing care.
The main obstacle was France's opposition (led by President Charles de Gaulle), which rejected direct elections in order not to strengthen the transnational character of the European integration process (Reif, 1984: 233).
This allows Kirk to posit wider points about the range of transnational consciousness and contingent views within the radical transnational Anglophone world.
She said ICPO-INTERPOL's ENACT came at an opportune time as the initiative was aimed at enhancing Africa's response to transnational organised crimes.
VP- Technology, Productivity and Innovation of Transnational Company, Singapore and Executive Director of Transnational Technology Solutions Lanka, Sunimal Weerasooriya.
He said seven other transnational crimes namely terrorism, cyber crime, drug trafficking, international economic crime, firearms smuggling, smuggling of wildlife and logs would also be discussed during this annual meeting.

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