Multinational corporation

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Multinational corporation (MNC)

A firm that operates in more than one country.

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.
References in periodicals archive ?
Finally, an international legal framework is necessary to hold transnational corporations accountable for their abuse of nature and of vulnerable states and peoples.
These secretly negotiated trade deals are all written by the lobbyists and lawyers of transnational corporations.
Transnational corporations, financial institutions, governments and international bodies at the service of the system do not want to reduce their emissions of greenhouse gases.
Transnational corporations were the main investors in these projects, the report indicated.
Transnational Corporations have entered these markets which were earlier closed or partially opened.
Second, it analyzes the formulation and eventual fall of the UN Draft Norms on the Responsibilities of Transnational Corporations and Other Business Enterprises with Regard to Human Rights.
Warnock accuses the current NDP administration in Saskatchewan of locking the province into a strategy for resource development that follows the models set by big capital and transnational corporations and ignores the environment.
Nation-states are having to share their power with new global actors: international (or more accurately 'inter-governmental') organizations (such as the United Nations), transnational corporations, and non-governmental organizations (NGOs).
The focus of the title is multicultural, rather than regional, and also includes articles, commentary, case notes and book reviews on non-state actors, including intergovernmental and non-governmental organizations, individuals, peoples, transnational corporations and civil society as whole, and their impact on contemporary international law.
Topics of discussion during the conference included the harmful effects of pesticides on the health of rural women involved in agricultural work, the negative impact of transnational corporations, the weak response of India's government to Dalit women's rights and concerns, the discriminatory treatment Dalit women endure, and the need for Dalit women to come together and act as a powerful, political unit.
Before joining ITC in November 1984, he had worked as a consultant for the United Nations Centre on Transnational Corporations in New York and as an expert on transnational corporations for the United Nations Economic and Social Commission for Asia and the Pacific in Bangkok.
It will also examine how the international community uses and adapts international law to deal with new and emerging challenges, and how non-state actors, including intergovernmental and non-governmental organizations, individuals and transnational corporations, impact contemporary international law.

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