Is the post-war ascendance of multinational corporations irreversible?The world’s roughly 80,000 multinational corporations (MNCs), long dominated by U.S., European and Japanese firms, have been joined by a growing number based in China, India, Brazil and other emerging economies. MNCs are the engine of a quarter of total world production and their global supply chains represent about half of world trade. MNCs have played a major role in driving a tenfold increase since 1979, now totaling $16 trillion, roughly the size of entire U.S. GDP.
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