Often called international corporations, these are very large business enterprises, normally of a corporate nature, with interests (e.g. subsidiary companies) in businesses situated throughout the world. They are structured on a global basis and although they may originate from, or be registered in. a particular country, they rarely acknowledge allegiance to any one country - unless is convenient to do so. For this reason, such companies tend to provoke discussion among academics and suspicion among governments as it is felt that they see themselves almost as sovereign states responsible to no one and often unable to avoid mixing business with politics.
|Reference: The Penguin Business Dictionary , 3rd edt.|