Encyclopedia of Global Justice

2011 Edition
| Editors: Deen K. Chatterjee

Multinational Corporations

  • Morton Winston
Reference work entry
DOI: https://doi.org/10.1007/978-1-4020-9160-5_544

A multinational (or sometimes transnational) corporation (MNC) can be defined as a business enterprise comprising entities in two or more countries linked by ownership or significant control which enables decision-making permitting coherent policies and a common strategy across national boundaries. According to recent estimates, there are over 77,000 MNCs, along with an estimated 800,000 subsidiaries, and untold millions of national suppliers and vendors. Together MNCs now directly control roughly 25% of all global commerce, and are indirectly involved in nearly every aspect of the global economy. In 2008, the three largest MNCs, Wal-Mart Stores, Exxon Mobil, and Royal Dutch Shell, each had revenues in excess of $350 billion. By comparison, in 2007 South Africa’s gross domestic product (GDP) was $278 billion, Malaysia’s GDP was $181 billion, and Peru’s was $109 billion. In addition to their economic power, MNCs are increasingly recognized as important political actors, which working...

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Copyright information

© Springer-Verlag Berlin Heidelberg 2011

Authors and Affiliations

  • Morton Winston
    • 1
  1. 1.Department of Philosophy and ReligionThe College of New JerseyEwingUSA