multinational corporations

MULTINATIONAL CORPORATIONS What are MNCs? Multinational corporations (MNCs) are another type of nongovernmental actor and are private businesses headquartered in one state that invest and operate extensively in other states. They are sometimes called transnational corporations or international corporations. Much controversy surrounds MNCs. There are many individuals and organisations who have critical and negative views about MNCs, and then of course there are those who support them. MNCs generate enormous global sales – approximately $5.2 trillion pa. …

…force in the international arena. State sovereignty is being threatened by the ever-increasing power of MNCs, which and I hate to use a cliché, but they are making the global village smaller and smaller. As stated in the UN Commission on Transnational Corporations, “Many issues related to corporate responsibility cannot be resolved satisfactorily in the context of a single national legal regime…. Globalization of business activity-problems...are beyond the capacity of national regimes of governance”.