A multinational corporation (MNC) has facilities and other assets in at least one country other than its home country. Such companies
have offices and/or factories in different countries and usually have a
centralized head office where they coordinate global management.
Nearly all major multinationals are either American, Japanese or
Western European, such as Nike, Coca-Cola, Wal-Mart, AOL, Toshiba, Honda
and BMW. Advocates of multinationals say they create high-paying jobs
and technologically advanced goods in countries that otherwise would not
have access to such opportunities or goods. On the other hand, critics
say multinationals have undue political influence over governments,
exploit developing nations and create job losses in their own home
countries.