Multinational corporation

Multinational corporations (MNC) or multinational enterprises (MNE) are organizations which own or control production of goods or services in countries other than the home country.^[1][2] They include large corporations which produce or sell goods or services in various countries.^[3] They may be referred as 'international' or 'transnational' or 'stateless' corporations.^[4]

MNCs play an important role in globalization. Arguably, the first multinational business organization was the "Knights Templar" , founded in 1120.^[5][6][7] After that came the British East India Company in 1600^[8] and the Dutch East India Company which started in1602 and would become the largest company in the world for nearly 200 years.^[9] These were made by national legislation to conduct international trade for their home countries.

The behavior of MNCs is much discussed.

1. ↑ Pitelis, Christos; Roger Sugden (2000). The nature of the transnational firm. Routledge. p. 72. ISBN 0-415-16787-6.
2. ↑ "Multinational Corporations". www2.econ.iastate.edu.
3. ↑ Doob, Christopher M. (2013). Social inequality and social stratification in US Society. Upper Saddle River, NJ: Pearson Education.
4. ↑ Roy D. Voorhees, Emerson L. Seim, and John I. Coppett 1992. Global logistics and stateless corporations. Transportation Practitioners Journal 59, 2: 144-51.
5. ↑ The History Channel, Lost Worlds: Knights Templar, July 10, 2006, video documentary written and directed by Stuart Elliott.
6. ↑ Ralls, Karen (2007). Knights Templar Encyclopedia. Career Press. p. 28. ISBN 978-1-56414-926-8.
7. ↑ Benson, Michael (2005). Inside Secret Societies. Kensington Publishing Corp. p. 90.
8. ↑ http://yaleglobal.yale.edu/about/globalinc.jsp Archived 2003-12-22 at the Wayback Machine "GlobalInc. An Atlas of The Multinational Corporation" Medard Gabel & Henry Bruner, New York: The New Press , 2003. ISBN 1-56584-727-X
9. ↑ http://www.kb.nl/dossiers/voc/voc.html Archived 2011-11-20 at the Wayback Machine VOC at the National Library of the Netherlands (in Dutch)