Multinational corporation

(redirected from Transnational Enterprises)
Also found in: Encyclopedia.

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 ?
However, apparently the transnational enterprises are employing ever more the tactics of leaving the investment risks in matters of exploitation to the developing countries.
(1999), transnational enterprises have several distinguishing characteristics.
It can be argued that, as legitimate transnational enterprises and operations have multiplied, so have illegitimate ones.
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.
A primary example of this process is the experience of financial liberalisation, which transformed some domestic conglomerates into transnational enterprises that control assets across the globe and depend heavily on Japanese, European and North American banks for capital.
The programme aimed to encourage the creation of joint transnational enterprises between SMEs in the European Economic Area, in order to help them internationalise their business and take advantage of the Single Market.
Increasingly, companies are transforming themselves into stateless, transnational enterprises. Such companies locate raw materials, labor, and manufacturing offshore as well as invest in foreign markets.
Mechanisms by which transnational enterprises are incorporated into and influenced by networks elsewhere include: (1) engaging with global managers and financiers in international business and finance; (2) participating in international media and research in international business activities; and (3) knowledge and experience gained from international educational institutions.
Pinochet responded: "We solved the problem of the large transnational enterprises. We renegotiated the expropriations, and demonstrated our good faith by making prompt payments on the indebtedness."
The result is global integration, but not under the command of the transnational enterprises. Instead, it is occurring through the network of partnerships, joint ventures, coproduction and sourcing agreements, research collaborations, and other alliances and relationships formed under this new model.
Just as migration abroad became the norm in certain regions of the Third World in the past, today participation in transnational enterprises is turning into "the thing to do" among some groups of immigrants.
In recent years these issues have included: the protection of human rights in the inter-American system, the work of specialized inter-American conferences on private international law, the law of treaties, the law of the sea, transnational enterprises, integration, environmental law, extradition, asylum, international responsibility, international contracting, international trade, the legal immunity of states, collective security in the inter-American system, and the peaceful resolution of disputes.

Full browser ?