1.6 Multinational Companies (MNCs)

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4 Terms

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Multinational Corporation (MNC)

A company that operates in two or more countries. It is generally a very large company, but it does not have to be. MNCs are also sometimes referred to as a multinational enterprises (MNEs).

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Advantages of MNCs to a country

  • Economic Growth

  • New Ideas

  • Skills Transfer

  • Greater choice of products

  • Short-term infrastructure projects

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Disadvantages of MNCS to a country

  • Profits are repatriated

  • Loss of cultural Identity

  • Brain Drain

  • Loss of national market share

  • Short-term planning

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Reasons for the Growth of Multinational Companies

  • Improved Communication

  • Dismantling of trade barriers

  • Deregulation of the world’s financial markets

  • Increasing economic and political power of the multinational companies