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multinational corporation (MNC) is a corporation or enterprise that manages production establishments or delivers services in at least two countries. Very large multinationals have budgets that exceed those of many countries. Multinational corporations can have a powerful influence in international relations and local economies. Multinational corporations play an important role in globalization; some argue that a new form of MC is evolving in response to globalization (Wikipedia) 1

"Corporation that has production facilities or other fixed assets in at least one foreign country and makes its major management decisions in a global context; sometimes called transnational corporation".2 however the Harvard multinational enterprise project required subsidiaries in six or more nations (Vernon, 1971, p. 11).

According to Ferdows (1997), the reasons behind formation of MNCs include:

• reduce direct and indirect costs;
• reduce capital costs;
• reduce taxes;
• reduce......

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Approximate Word Count: 3187
Approximate Pages: 13 (250 words per double-spaced page)

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