Multinational corporation
From The Art and Popular Culture Encyclopedia
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"Samuel Pisar similarly maintained (in a panel discussion broadcast over the French radio on 11 February 1973) that the first multinational organization was the Catholic Church and that the first clash between a nation state and such ..."--Culture and Management: Selected Readings (1977) by Theodore D. Weinshall |
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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
- Corporatocracy
- Economic liberalism
- Free market
- Globalization
- Global workforce
- East India Company
- World economy
- Multinational tax haven
