The Global Distribution of MNCs

Ebimo Amungo
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Ebimo Amungo: Amungo Consulting Limited

Chapter 2 in The Rise of the African Multinational Enterprise (AMNE), 2020, pp 15-27 from Springer

Abstract: Abstract Multinationals were the creation of European merchants who invested in trading companies that ventured out seeking produce from far out continents to sell for profits in their home markets. A product of ingenious interplay of enterprise and adventure today’s multinational corporations are economic entities, formed to create wealth through the sale of innovative products and service. The industrial revolution, with its increased output of goods, made it imperative to seek out new markets to sell excess goods and source of raw materials. Thus, multinationals ventured out from Europe to seek new markets in America, Africa and Asia. At the turn of the twentieth century, American companies also started investing outside their home markets, expanding to Canada, Europe and Latin America. Before the close of the twentieth century, the concept of the multinational corporation had diffused globally and firms from South America, Asia, and Africa are now among the world’s largest multinationals.

Date: 2020
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DOI: 10.1007/978-3-030-33096-5_2

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