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 ?
514) define a transnational enterprise as "a business in the ethnic economy which entails separate operational components of the enterprise being located in different countries and the transmigration of the owners in order to operate it." Unlike international entrepreneurship, transnational entrepreneurship is culturally oriented, culturally derived, and reliant on the specific community and relationships within which the immigrant is embedded.
Simply put, the transnational enterprise has gone from its everything-everywhere-everybody model to one that focuses on sustainable, value-creating, differentiating skills and abilities and then searches for external partners that lever them.
The United Nations should also reach out to businesses, he said, adding that national and transnational enterprises were keen to help out because the UN's development agenda is equally important for their growth.
Ownership of large transnational enterprises constitutes authority.
In the same period 27 transnational enterprises signed letters of intent with MOEA to invest in Taiwan an estimated NT$108.25 billion (US$3.61 billion); while over 40 overseas Taiwanese enterprises will reportedly return home to invest, creating synergy of an estimated NT$28.3 billion (US$943.33 million) and 2,785 jobs.
The world is made up of a series of countries supposedly independent according to a territorial demarcation, but really dependent upon ah empire of transnational enterprises that promote competitiveness, among many other things, in science and technology, constituting true markets of product research and process design.
Still, the radical reduction in the cost and ease of movement and communications, the spread of education and urbanization, the triumph (conceivably transient) of liberal ideas and practices in trade and investment, and the related elaboration of intergovernmental norms and institutions, transnational enterprises, nongovernmental organizations (NGOs), and now social and religious networks (national as well as transnational) have diversified identities and multiplied communities of interest and value.
The first interpretation is for the extending of mind and vision, where enterprises become not only leaders of emerging markets, but also active participants in global markets, and future thought leaders, while demonstrating leadership as transnational enterprises. Then there is the extending of business models, where business leaders of the new generation should have well-rounded business concepts, adopting new business models from both China and the West as investment models change globally.
As criminal and social issues such as drug trafficking, illegal immigration, and organized crime have become increasingly transnational enterprises, they have been subsumed under the mantle of counterterrorism.
It can be argued that, as legitimate transnational enterprises and operations have multiplied, so have illegitimate ones.

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