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 ?
(38.) See Rodrigo Osorio, "The 60th Commission on Human Rights: Norms on the Responsibilities of Transnational Corporations and Other Business Enterprises with Regard to Human Rights," Centre for Applied Studies in International Negotiations, Geneva, 15 March-23 April 2004.
The impact of transnational corporations on the Westphalian System may be seen in three ways.
Our rulers in the age of advancing globalization will reside either in organizations whose loyalties are to socialist documents such as the UN Charter or transnational corporations whose only loyalty is to money.
Whether in transnational corporations or smaller companies, communicators face their own ethical dilemmas.
Thus over time, many Chinese transnational corporations would come to accept, and implement, international best business practices if they wanted to be regarded as respectable global corporate citizens.
So we're seeing instances where either the land is being developed, the resources destroyed or women losing out to transnational corporations in debates about patent ownership.
The books illustrate how the World Trade Organization, World Bank and General Agreement on Tariffs and Trade (GATT) have enabled transnational corporations to do business in the global market.
But such techniques, which cannot be patented or monopolised, are of no interest to transnational corporations.
The authors want to revive something called the "United Nations Center on Transnational Corporations" (or UNCTC).
Globalization was going to bring prosperity in its wake, and how could one oppose the promise of the greatest good for the greatest number that the transnational corporations, guided by the invisible hand of the market, were going to shower on the world?
In the article it is stated that FDI is "investment made by transnational corporations on a long term basis".
Other contributory factors include the general trend toward trade liberalization and deregulation, which makes enforcing border controls more difficult, and the growth of transnational corporations, among whom regulations are difficult to enforce.

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