Problems of an Early Multinational: the Origins of Armstrongs’ Italian Venture
Multinational companies have become of great, indeed for some commentators of outstanding importance in the international economy of the last half of the twentieth century. They were emerging a hundred years earlier. The multinational has been concisely defined as a business corporation which is registered and operates in several countries at once. It provides a package of resources in the shape of investment funds, entrepreneurial, managerial and technical skills. A major criticism is that such firms have no enforceable loyalty to any national government; consequently the need for regulation of multinational concerns is now widely agreed. What is often forgotten is how vulnerable the multinational may be to the political pressures within the ‘host’ country.
KeywordsEurope Income Turkey Pier Concession
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