Multinational corporation

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Multinational corporation (MNC)

A firm that operates in more than one country.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Multinational Corporation

A corporation that maintains assets and/or operations in more than one country. A multinational corporation often has a long supply chain that may, for example, require the acquisition of raw materials in one country, a product's manufacture in a second country, and its retail sale in a third country. A multinational often globally manages its operations from a main office in its home country. Multinational corporations are controversial among groups such as environmentalists and worker advocates, who claim that multinationals exploit resources and employees. On the other hand, proponents argue that multinationals create wealth in every country where they operate, which ultimately benefits workers as well as shareholders.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Shaikh Mohammed said the UAE government is continually following up these indices issued by prestigious international corporations, "because retreat is not an option in our government."
It includes prestigious buildings popular with international corporations such as Atago Green Hills Mori Tower-a mixed-use area redevelopment designed by award-winning architect Cesar Pelli--and Holland Hills Mori Tower, a collaboration between Mori Building and the Tokyo Metropolitan Government's Bureau of Waterworks to develop unused space around the Shiba Waterworks, adjacent to the Dutch Embassy.
Outside critics, including The New York Times, have called the new arrangement a change from socialism to "plutocracy" and suggested that it opens the door for the complete exploitation of Chinese workers by international corporations cozy with the state.
The plan's many Critics argue that it is difficult to distinguish between currency speculation and legitimate transfers of money from international corporations, and that it is almost impossible to implement the tax successfully unless it is levied worldwide.
"Our client list includes large international corporations, financial services and law firms, prominent real estate developers, some of New York's leading not-for-profit organizations and companies involved in high-profile public affairs issues.
Stylander Design Group's clients include international corporations such as Hong Kong based OOCL, Australian QBE and Hotel Birger Jarl in Stockholm.
The process began more a year ago in October, 2001 when Thacher Proffitt turned to Tishman because of its expertise in helping major international corporations locate corporate headquarters in New York.
The firm counts a number of international corporations on its client list, as well as strong connections with major investment funds.
The multi-use office park is designed to appeal to national and international corporations seeking headquarters offices, research and development laboratories, high-technology and computer service centers, and similar facilities.
With a staff of nearly 1,400 professionals, experienced in a variety of assignments for major international corporations, developers, state and local agencies, foreign governments, sports facilities, hospitals, colleges and other institutions.

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