Multinational Corporations

multinational corporation

multinational corporation, business enterprise with manufacturing, sales, or service subsidiaries in one or more foreign countries, also known as a transnational or international corporation. These corporations originated early in the 20th cent. and proliferated after World War II. Typically, a multinational corporation develops new products in its native country and manufactures them abroad, often in Third World nations, thus gaining trade advantages and economies of labor and materials. Almost all the largest multinational firms are American, Japanese, or West European. Such corporations have had worldwide influence—over other business entities and even over governments, many of which have imposed controls on them. During the last two decades of the 20th cent. many smaller corporations also became multinational, some of them in developing nations. Proponents of such enterprises maintain that they create employment, create wealth, and improve technology in countries that are in dire need of such development. Critics, however, point to their inordinate political influence, their exploitation of developing nations, and the loss of jobs that results in the corporations' home countries.

The Columbia Encyclopedia, 6th ed. Copyright© 2014, The Columbia University Press.

Selected full-text books and articles on this topic

Multinationals and Global Capitalism: From the Nineteenth to the Twenty-First Century
Geoffrey Jones.
Oxford University Press, 2005
Multinational Corporations and Global Justice: Human Rights Obligations of a Quasi-Governmental Institution
Florian Wettstein.
Stanford Business Books, 2009
International Human Resource Management: A Multinational Company Perspective
Monir H. Tayeb.
Oxford University Press, 2005
Aligning the Interests of Subsidiaries and Headquarters in Multinational Corporations: Empirical Evidence
Costello, Ayse Olcay; Costello, Thomas G.
Multinational Business Review, Vol. 17, No. 4, Winter 2009
PEER-REVIEWED PERIODICAL
Peer-reviewed publications on Questia are publications containing articles which were subject to evaluation for accuracy and substance by professional peers of the article's author(s).
Managing Global Operations: Cultural and Technical Success Factors
Scott T. Young; Winter Nie.
Quorum Books, 1996
International Democracy and the West: The Role of Governments, Civil Society, and Multinational Business
Richard Youngs.
Oxford University Press, 2004
Corporate Social Responsibility, Globalization, the Multinational Corporation, and Labor: An Unlikely Alliance
Harrington, Alexandra R.
Albany Law Review, Vol. 75, No. 1, Fall 2011
Multinational Firms: The Global-Local Dilemma
John H. Dunning; Jean-Louis Mucchielli.
Routledge, 2001
Multinational Firms and Impacts on Employment, Trade, and Technology: New Perspectives for a New Century
Robert E. Lipsey; Jean-Louis Mucchielli.
Routledge, 2002
The Global Corporation: The Decolonization of International Business
Panos Mourdoukoutas.
Quorum Books, 1999
Designing the Global Corporation
Jay R. Galbraith.
Jossey-Bass, 2000
America and the Multinational Corporation: The History of a Troubled Partnership
John J. Reardon.
Praeger, 1992
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