Any corporation registered and operating in more than one country at a time, usually with its headquarters in a single country. A firm's advantages in establishing itself multinationally include both vertical and horizontal economies of scale (reductions in cost that result from an expanded level of output). Critics usually regard the multinational corporation as destructive of local economies abroad and as prone to monopolistic practices. Seealso conglomerate.
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Multinationals spur local firms but are more likely to pull out ; A new report says dependence on multinationals may leave us vulnerable, writes Jamie Smyth, Technology Reporter
Jun 13, 2003; multinational companies are 40 per cent more likely to exit an industry and pull out of the Republic than indigenous...