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MULTINATIONAL CORPORATION

• Multinational entities have played a role in international trade for several centuries.
• Multinational operations can be traced back several centuries to the British and Dutch trading companies.
• After the above declined, the European overseas investments, mainly in the extractive industries dominated international trade.
• The phenomenon as it is known today is the result of the lead taken by U.S. based companies in the post World
War II period. Western European and Japanese firms followed later.
• By 1995 the total number of multinationals exceeded 37,000 with 206,000 affiliates around the world. They are engaged in activities ranging from extractive to manufacturing and they account for a significant share of the world's output.

DEFINITION OF THE MULTINATIONAL CORPORATION

Different terms abound for the multinational corporation. The most common of such terms are as follows:

• Global corporation
•......

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Approximate Word Count: 2424
Approximate Pages: 10 (250 words per double-spaced page)

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