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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
• World transnational corporation
• International corporation
• Supernational corporation
• Supranational corporation
• Multinational corporation
• The term enterprise is often substituted for "corporation" to refer to internationally involved entities that may not be using a corporate form...
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