Transnational Corporation

A TNC is a company which operates in a home country and has an affiliate
overseas. The terms transnational corporation and multinational
corporation are now used synonymously. Through the 1970s and 1980's the
United Nations attempted to assess the impact of TNCs on development and
international relations in the world economy. These efforts resulted in
considerable complexity in attempting to define a TNC, including
associations with impact on developing countries, size, ownership, and
other characteristics. Agreement on a specialized definition was never
acheived.