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Multinational corporation

From Biocrawler, the free encyclopedia.

(Redirected from Transnational corporation)

A multinational corporation (MNC) or multinational enterprise (MNE) or transnational corporation (TNC) is one that spans multiple nations; these corporations are often very large. Such companies have offices, factories or branch plants in different countries. They usually have a centralised head office where they coordinate global management.

Very large multinationals have budgets that exceed those of many countries. Countries often offer incentive to MNC, such as tax breaks or lax environmental standards, in order to attract MNC into their country. They can be seen as a power in global politics.

Multinationals often make use of subcontractors to produce certain goods for them.

The first multinational, appearing in 1602, was the Dutch East India Company.

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