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multinational corporation
Company or enterprise operating in several countries, usually defined as one that has 25% or more of its output capacity located outside its country of origin.
The world's four largest multinationals in 2000, were Exxon Mobil, Wal-Mart Stores, General Motors, and Ford Motor their joint revenues were more than the combined gross national product of all African countries. 22 multinationals made more than $6 billion profit in 2000, and Exxon Mobil made $17.7 billion profit, a 124% increase over the previous year. The value of mergers and acquisitions in 2000 was estimated at $3.2 trillion, the most notable being Pfizer with Warner-Lambert in a $116 billion deal, and Glaxo Wellcome's purchase of SmithKline Beecham for $76 billion (to create GlaxoSmithKline).
Multinationals are seen in some quarters as posing a threat to individual national sovereignty, and as using undue influence to secure favourable operating conditions. In 1992, it was estimated that......
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Title: Multinational Corporation
Approximate Word Count: 1455
Approximate Pages: 6 (250 words per double-spaced page)
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