Multinational corporation
corporation operating in multiple countries / From Wikipedia, the free encyclopedia
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.