Philippine E-Journals

History of Multinational in Southern Philippines

Robert D. Mcamis

Discipline: Economics, History, Political Science

 

Abstract:

Multinational Corporations (MNCs), sometimes referred to as Transnational Corporations (TNCs), have become the most influential economic development on the global scene since the end of World War II. The predecessors of the MNCs were international banking operations to finance international trade and multinational trading corporations which brought the products of industrial nations to the economically more backward nations. The modern MNCs have seen their greatest development in the Jet Age when world travel became fast and economical.