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See also:When referring to the concept of "multinational" stricto sensu, according to
the Oxford dictionary it is a word that means "Including or involving several
countries or individuals of several nationalities"
Source:
http://www.oxforddictionaries.com/us/definition/american_english/multinational
"A MNC (Multinational Corporation, Multi National Corporation or multinational
enterprise) is an organization, that owns or controls productions of goods or
services in one or more countries other than the home country. It can also be
referred to as an international corporation, a "transnational corporation", or
as a stateless corporation.
A multinational corporation is usually a large corporation which produces or
sells goods or services in various countries.
It may be attributed as multinational corporation when a corporation is
registered in more than one country or has operations in more than one country"
(different from the concept of having distributors or registered authorized
agents).
Source:
http://en.wikipedia.org/wiki/Multinational_corporation
Thus, a MNC engages into trading internationally (usually overseas, but it can
also do so through several means of transportation, such as land and air), which
is a concept that it is varying due to the different methods to engage in
"international business" such as internet that have transformed the whole
concept of international trade and the people and/or organizations that do so.
A MNC can usually be called a "multinational", an "overseas company",
(Corporate) Trust, MNU (Multinationale Unternehmen, in German), Multinationale
(in French), Multinazionale (in Italian), Keiretsu (系列, lit. system, series,
grouping of enterprises) (in Japanese), Zaibatsu (財閥, literally financial
clique), Holding (and its subholdings), Financial (or Economic) Group,
"Sindicato" (Sindicate, in Spanish), "Grupo" and "Grupo Empresarial" (Group and
Business Group, in Spanish), "Multinacional" (Multinational, in Spanish),
"Multilatina" (Multilatin, in Spanishm referring to Latin American companies
that expand their businesses to other Latin American countries mostly), etc.
The first such company is atributted to the Muscovy Company (also called the
Russian Company or the Muscovy Trading Company, Московская компания, Moskovskaya
kompaniya, in Russian), which was an English trading company chartered in 1555
which established a trading route through a monopoly on trade (thus, MNC's are
often criticized for their business practices all around the world, because of
monopoly behaviors, corruption, bribing, poor environmental practices, etc.).
However others refer to the first "true" MNC when referring to the "Dutch
East India Company, which was established on March 20, 1602 when the States
General of the Netherlands granted it a 21-year monopoly to carry out trade
activities in Asia. It would become the largest company in the world for nearly
200 years and the first company to issue stock, possessing quasi-governmental
powers, including the ability to wage war, imprison and execute convicts,
negotiate treaties (at State level), mint its own coins, and establish colonies.
At its height, the VOC was valued at USD7 trillion in 2015 dollars"
Source:
http://en.wikipedia.org/wiki/Dutch_East_India_Company
This list (which does not have all the MNC's but it is a good starting point)
can used for reference:
http://en.wikipedia.org/wiki/List_of_multinational_corporations
Esteban Rivera, 17 February 2015
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