Multinational corporation
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| - | '''Multinational corporation''' (or '''transnational corporation''') (MNC/TNC) is a [[corporation]] or enterprise that manages production establishments or delivers services in at least two [[country|countries]]. Very large multinationals have budgets that exceed those of many countries. Multinational corporations can have a powerful influence in [[international relations]] and local economies. Multinational corporations play an important role in [[globalization]]; some argue that a new form of MNC is evolving in response to globalization: the [[Globally Integrated Enterprise|'globally integrated enterprise']]. | + | A '''multinational corporation''' ('''MNC''') or '''worldwide enterprise''' is a [[corporation|corporate]] [[organization]] that owns or controls production of goods or services in at least one country other than its home country. [[Black's Law Dictionary]] suggests that a company or group should be considered a multinational corporation if it derives 25% or more of its revenue from out-of-home-country operations. A multinational corporation can also be referred to as a '''multinational enterprise''' ('''MNE'''), a '''transnational enterprise''' ('''TNE'''), a '''transnational corporation''' ('''TNC'''), an '''international corporation''', or a '''stateless corporation'''. There are subtle but real differences between these three labels, as well as multinational corporation and worldwide enterprise. |
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| + | Most of the largest and most influential companies of the modern age are [[Public company|publicly traded]] multinational corporations, including ''[[Forbes Global 2000]]'' companies. Multinational corporations are subject to [[#Criticism|criticisms]] for lacking [[ethics|ethical standards]]. They have also become associated with [[multinational tax haven]]s and [[base erosion and profit shifting]] tax avoidance activities. | ||
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| ==See also== | ==See also== | ||
| + | * [[Corporation]] | ||
| + | * [[Economic liberalism]] | ||
| + | * [[Free market]] | ||
| * [[Globalization]] | * [[Globalization]] | ||
| * [[Global workforce]] | * [[Global workforce]] | ||
| * [[List of multinational corporations]] | * [[List of multinational corporations]] | ||
| + | * [[Transnational Corporations Observatory]] | ||
| * [[World economy]] | * [[World economy]] | ||
| + | * [[Multinational tax haven]] | ||
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| {{GFDL}} | {{GFDL}} | ||
Revision as of 19:32, 6 June 2019
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A multinational corporation (MNC) or worldwide enterprise is a corporate organization that owns or controls production of goods or services in at least one country other than its home country. Black's Law Dictionary suggests that a company or group should be considered a multinational corporation if it derives 25% or more of its revenue from out-of-home-country operations. A multinational corporation can also be referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation, or a stateless corporation. There are subtle but real differences between these three labels, as well as multinational corporation and worldwide enterprise.
Most of the largest and most influential companies of the modern age are publicly traded multinational corporations, including Forbes Global 2000 companies. Multinational corporations are subject to criticisms for lacking ethical standards. They have also become associated with multinational tax havens and base erosion and profit shifting tax avoidance activities.
See also
- Corporation
- Economic liberalism
- Free market
- Globalization
- Global workforce
- List of multinational corporations
- Transnational Corporations Observatory
- World economy
- Multinational tax haven
