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117-697: Altice Europe N.V. (commonly known as Altice ) is a Dutch multinational telecommunications and mass media company with official headquarters in the Netherlands, founded and headed by the French-Israeli billionaire businessman Patrick Drahi , and the second largest telecoms company in France, behind Orange . It had a market capitalization of €13.7 billion in December 2017, and a market cap of less than €6 billion in June 2019,

234-641: A "systemic failure". In 2010, the organization suffered the worst loss of life in its history, when 101 personnel died in the Haiti earthquake . Acting under the United Nations Security Council Resolution 1973 in 2011, NATO countries intervened in the First Libyan Civil War . The Millennium Summit was held in 2000 to discuss the UN's role in the 21st century. The three-day meeting was

351-691: A 56% decline for the stock since Drahi financed the business with debt. In 2016, the company had over 50 million internet, TV, and phone customers in Western Europe, Israel, the United States (where it formerly operated) and the Caribbean. Altice formerly owned a subsidiary in the USA until that company , while retaining the Altice name, was spun off through an IPO in June 2019, making the former USA division independent from

468-601: A UN official, negotiated an armistice to the resulting conflict , with the Security Council deciding that “an armistice shall be established in all sectors of Palestine”. On 7 November 1956, the first UN peacekeeping force was established to end the Suez Crisis ; however, the UN was unable to intervene against the Soviet Union's simultaneous invasion of Hungary , following the country's revolution . On 14 July 1960,

585-766: A basis in a national ethos , being ultimate without a specific nationhood, and that this lack of an ethos appears in their ways of operating as they enter into contracts with countries that have low human rights or environmental standards . In the world economy facilitated by multinational corporations, capital will increasingly be able to play workers, communities, and nations off against one another as they demand tax, regulation and wage concessions while threatening to move. In other words, increased mobility of multinational corporations benefits capital while workers and communities lose. Some negative outcomes generated by multinational corporations include increased inequality , unemployment , and wage stagnation . Raymond Vernon presents

702-498: A corporation invests in a country in which it is not domiciled, it is called foreign direct investment (FDI). Countries may place restrictions on direct investment; for example, China has historically required partnerships with local firms or special approval for certain types of investments by foreigners, although some of these restrictions were eased in 2019. Similarly, the United States Committee on Foreign Investment in

819-429: A free market system where there is little government interference. As a result, international wealth is maximized with free exchange of goods and services. To many economic liberals, multinational corporations are the vanguard of the liberal order. They are the embodiment par excellence of the liberal ideal of an interdependent world economy. They have taken the integration of national economies beyond trade and money to

936-603: A further 6% stake in BT taking the total ownership to 18%. In August 2024, Altice sold its 24.5% stake in the British group British Telecom to the Indian telecom company Bharti Airtel . The total value of the transaction amounted to 3.5 billion euros. On 12 February 2020, the United Nations published a database of all business enterprises involved in certain specified activities related to

1053-441: A million troops to help, and by February 1991, Iraqi forces were expelled from Kuwait. Due to the oil boycott from Kuwait and Iran, oil prices rose and quickly recovered. Saudi Arabia once again led OPEC, and thanks to assistance in defending Kuwait, new relations emerged between the USA and OPEC. Operation "Desert Storm" brought mutual dependence among the main oil producers. OPEC continued to influence global oil prices but recognized

1170-969: A myriad of autonomous, separately administered funds, programmes, research and training institutes, and other subsidiary bodies . Each of these entities have their own area of work, governance structure, and budgets such as the World Trade Organization (or the WTO) and the International Atomic Energy Agency (or the IAEA), operate independently of the UN but maintain formal partnership agreements. The UN performs much of its humanitarian work through these institutions, such as preventing famine and malnutrition (the World Food Programme ), protecting vulnerable and displaced people (the UNHCR ), and combating

1287-539: A permanent member to block adoption of a resolution, though not debate. The ten temporary seats are held for two-year terms, with five members elected each year by the General Assembly on a regional basis . The presidency of the Security Council rotates alphabetically each month. The UN Secretariat carries out the day-to-day duties required to operate and maintain the UN system. It is composed of tens of thousands of international civil servants worldwide and headed by

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1404-585: A plane crash . Months later he was posthumously awarded the Nobel Peace Prize . In 1964, Hammarskjöld's successor, U Thant , deployed the UN Peacekeeping Force in Cyprus , which would become one of the UN's longest-running peacekeeping missions. With the spread of decolonization in the 1960s, the UN's membership shot up due to an influx of newly independent nations. In 1960 alone, 17 new states joined

1521-445: A two-thirds majority of those present and voting is required. All other questions are decided by a majority vote. Each member has one vote. Apart from the approval of budgetary matters, resolutions are not binding on the members. The Assembly may make recommendations on any matters within the scope of the UN, except matters of peace and security that are under consideration by the Security Council. Draft resolutions can be forwarded to

1638-834: A wide variety of complex tasks. The UN comprises six principal operational organizations: the General Assembly , the Security Council , the Economic and Social Council , the International Court of Justice , the UN Secretariat , and the Trusteeship Council , although the Trusteeship Council has been suspended since 1994. The UN System includes a multitude of specialized agencies , funds, and programmes, including

1755-991: A wide variety of topics. These include the United Nations Permanent Forum on Indigenous Issues , which advises UN agencies on issues relating to indigenous peoples , the United Nations Forum on Forests , which coordinates and promotes sustainable forest management, the United Nations Statistical Commission , which co-ordinates information-gathering efforts between agencies, and the Commission on Sustainable Development , which co-ordinates efforts between UN agencies and NGOs working towards sustainable development . ECOSOC may also grant consultative status to non-governmental organizations. as of April 2021 almost 5,600 organizations have this status. The UN Charter stipulates that each primary organ of

1872-461: Is defined in the UN Charter as the organization's chief administrative officer. Article 99 of the charter states that the secretary-general can bring to the Security Council's attention "any matter which in their opinion may threaten the maintenance of international peace and security", a phrase that secretaries-general since Trygve Lie have interpreted as giving the position broad scope for action on

1989-410: Is often handled through international arbitration . The actions of multinational corporations are strongly supported by economic liberalism and free market system in a globalized international society. According to the economic realist view, individuals act in rational ways to maximize their self-interest and therefore, when individuals act rationally, markets are created and they function best in

2106-865: Is usually a large corporation incorporated in one country that produces or sells goods or services in various countries. Two common characteristics shared by MNCs are their large size and centrally controlled worldwide activities. MNCs may gain from their global presence in a variety of ways. First of all, MNCs can benefit from the economy of scale by spreading R&D expenditures and advertising costs over their global sales, pooling global purchasing power over suppliers, and utilizing their technological and managerial experience globally with minimal additional costs. Furthermore, MNCs can use their global presence to take advantage of underpriced labor services available in certain developing countries and gain access to special R&D capabilities residing in advanced foreign countries. The problem of moral and legal constraints upon

2223-637: The Battle of Mogadishu . The UN mission to Bosnia faced worldwide ridicule for its indecisive and confused mission in the face of ethnic cleansing. In 1994, the UN Assistance Mission for Rwanda failed to intervene in the Rwandan genocide amidst indecision in the Security Council. From the late 1990s to the early 2000s, international interventions authorized by the UN took a wider variety of forms. The United Nations Security Council Resolution 1244 authorised

2340-930: The British East India Company founded in 1600 and the Dutch East India Company (VOC) founded in 1602. In addition to carrying on trade between Great Britain and its colonies, the British East India Company became a quasi-government in its own right, with local government officials and its own army in India. Other examples include the Swedish Africa Company founded in 1649 and the Hudson's Bay Company founded in 1670. These early corporations engaged in international trade and exploration and set up trading posts. The Dutch government took over

2457-514: The Four Power Declaration on General Security which aimed for the creation "at the earliest possible date of a general international organization". This was the first public announcement that a new international organization was being contemplated to replace the League of Nations. The Tehran Conference followed shortly afterwards at which Roosevelt, Churchill and Joseph Stalin , the leader of

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2574-531: The Group of 77 under the leadership of Algeria, which briefly became a dominant power at the UN. On 10 November 1975, a bloc comprising the Soviet Union and Third World nations passed a resolution , over strenuous American and Israeli opposition, declaring Zionism to be a form of racism . The resolution was repealed on 16 December 1991, shortly after the end of the Cold War. With an increasing Third World presence and

2691-466: The ICJ Statute , which forms an integral part of the UN Charter, and non-members may also become parties. The ICJ's rulings are binding upon parties and, along with its advisory opinions, serve as sources of international law . The court is composed of 15 judges appointed to nine-year terms by the General Assembly. Every sitting judge must be from a different nation. The Economic and Social Council (or

2808-729: The Israeli settlements in the Occupied Palestinian Territories , including East Jerusalem , and in the occupied Golan Heights . Altice has been listed on the database in light of its involvement in activities related to "the provision of services and utilities supporting the maintenance and existence of settlements". The international community considers Israeli settlements built on land occupied by Israel to be in violation of international law . On 5 July 2021, Norway 's largest pension fund KLP said it would divest from Altice together with 15 other business entities implicated in

2925-514: The NATO -led Kosovo Force beginning in 1999. The UN mission in the Sierra Leone Civil War was supplemented by a British military intervention . The invasion of Afghanistan in 2001 was overseen by NATO. In 2003, the United States invaded Iraq despite failing to pass a UN Security Council resolution for authorization, prompting a new round of questioning of the UN's effectiveness. Under

3042-786: The Paris Peace Conference . The League of Nations was approved and started operations, but the United States never joined. On 10 January 1920, the League of Nations formally came into being when the Covenant of the League of Nations , ratified by 42 nations in 1919, took effect. The League Council acted as an executive body directing the Assembly's business. It began with four permanent members—the United Kingdom , France , Italy , and Japan . After some limited successes and failures during

3159-673: The White House in December 1941 for the Arcadia Conference . Roosevelt is considered a founder of the UN, and coined the term United Nations to describe the Allied countries . Churchill accepted it, noting its use by Lord Byron . The text of the Declaration by United Nations was drafted on 29 December 1941, by Roosevelt, Churchill, and Harry Hopkins . It incorporated Soviet suggestions but included no role for France. One major change from

3276-622: The World Bank Group , the World Health Organization , the World Food Programme , UNESCO , and UNICEF . Additionally, non-governmental organizations may be granted consultative status with the Economic and Social Council and other agencies. The UN's chief administrative officer is the secretary-general , currently António Guterres , who is a Portuguese politician and diplomat. He began his first five-year term on 1 January 2017 and

3393-406: The secretary-general , who is assisted by the deputy secretary-general . The Secretariat's duties include providing information and facilities needed by UN bodies for their meetings and carrying out tasks as directed by the Security Council, the General Assembly, the Economic and Social Council, and other UN bodies. The secretary-general acts as the spokesperson and leader of the UN. The position

3510-686: The 1920s, the League proved ineffective in the 1930s, as it failed to act against the Japanese invasion of Manchuria in 1933. Forty nations voted for Japan to withdraw from Manchuria but Japan voted against it and walked out of the League instead of withdrawing from Manchuria. It also failed to act against the Second Italo-Ethiopian War , after the appeal for international intervention by Ethiopian Emperor Haile Selassie I at Geneva in 1936 went with no avail, including when calls for economic sanctions against Italy failed. Italy and other nations left

3627-650: The 19th century, such as the Rio Tinto company founded in 1873, which started with the purchase of sulfur and copper mines from the Spanish government. Rio Tinto, now based in London and Melbourne , Australia, has made many acquisitions and expanded globally to mine aluminum , iron ore , copper , uranium , and diamonds . European mines in South Africa began opening in the late 19th century, producing gold and other minerals for

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3744-672: The Atlantic Charter was the addition of a provision for religious freedom , which Stalin approved after Roosevelt insisted. Roosevelt's idea of the " Four Powers ", refers to the four major Allied countries, the United States, the United Kingdom, the Soviet Union, and China , emerged in the Declaration by the United Nations. On New Year's Day 1942, Roosevelt, Churchill, the Soviet Union's former Foreign Minister Maxim Litvinov , and

3861-548: The Charter by the five permanent members of the Security Council : the United States, the United Kingdom, France, the Soviet Union and China — and by a majority of the other 46 nations. The first meetings of the General Assembly , with 51 nations represented, and the Security Council took place in London beginning in January 1946. Debates began at once, covering topical issues such as

3978-642: The Chinese Premier T. V. Soong signed the " Declaration by United Nations ", and the next day the representatives of twenty-two other nations added their signatures. During the war, the United Nations became the official term for the Allies. In order to join, countries had to sign the Declaration and declare war on the Axis powers . The October 1943 Moscow Conference resulted in the Moscow Declarations , including

4095-477: The ECOSOC) assists the General Assembly in promoting international economic and social co-operation and development. It was established to serve as the UN's primary forum for global issues and is the largest and most complex UN body. The ECOSOC's functions include gathering data, conducting studies and advising and making recommendations to member states. Its work is carried out primarily by subsidiary bodies focused on

4212-546: The English language. Senior officials, although mostly still Swedish, all learned English and all major internal documents were in English, the lingua franca of multinational corporations. After the war, the number of businesses having at least one foreign country operation rose drastically from a few thousand to 78,411 in 2007. Meanwhile, 74% of parent companies are located in economically advanced countries. Developing and former communist countries such as China, India, and Brazil are

4329-420: The General Assembly by its six main committees: As well as by the following two committees: The Security Council is charged with maintaining peace and security among nations. While other organs of the UN can only make recommendations to member states, the Security Council has the power to make binding decisions that member states have agreed to carry out, under the terms of Charter Article 25. The decisions of

4446-557: The International Energy Agency (IEA), enabling states to coordinate policy, gather data, and monitor global oil reserves. In the 1970s, OPEC gradually nationalized the Seven Sisters. The Kingdom of Saudi Arabia, as the only largest world oil producer, could leverage this. However, Saudi Arabia opted for the correct approach and maintained consistent oil prices throughout the 1970s. In 1979, the "second oil shock" came from

4563-598: The League. When war broke out in 1939 , the League effectively closed down. The first step towards the establishment of the United Nations was the Inter-Allied Conference in London that led to the Declaration of St James's Palace on 12 June 1941. By August 1941, American President Franklin Roosevelt and British Prime Minister Winston Churchill had drafted the Atlantic Charter ; which defined goals for

4680-451: The Netherlands has become a popular choice, as its company laws have fewer requirements for meetings, compensation, and audit committees, and Great Britain had advantages due to laws on withholding dividends and a double-taxation treaty with the United States. Corporations can legally engage in tax avoidance through their choice of jurisdiction but must be careful to avoid illegal tax evasion . Corporations that are broadly active across

4797-545: The OLI framework. The other theoretical dimension of the role of multinational corporations concerns the relationship between the globalization of economic engagement and the culture of national and local responses. This has a history of self-conscious cultural management going back at least to the 60s. For example: Ernest Dichter, architect, of Exxon's international campaign, writing in the Harvard Business Review in 1963,

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4914-427: The Soviet Union, and the signing of the Korean Armistice Agreement on 27 July 1953. On 29 November 1947, the General Assembly approved resolution 181 , a proposal to partition Palestine into two state, with Jerusalem placed under a special international regime. The plan failed and a civil war broke out in Palestine, that led to the creation of the state of Israel afterward. Two years later, Ralph Bunche ,

5031-400: The Soviet Union, before all the issues were resolved. By 1 March 1945, 21 additional states had signed the Declaration by the United Nations. After months of planning, the UN Conference on International Organization opened in San Francisco on 25 April 1945. It was attended by 50 nations' governments and a number of non-governmental organizations. The delegations of the Big Four chaired

5148-451: The Soviet Union, met and discussed the idea of a post-war international organization. The new international organisation was formulated and negotiated amongst the delegations from the Allied Big Four at the Dumbarton Oaks Conference from 21 September to 7 October 1944. They agreed on proposals for the aims, structure and functioning of the new organization. It took the conference at Yalta in February 1945, and further negotiations with

5265-404: The Third World colonies. That changed dramatically after 1945 as investors turned to industrialized countries and invested in manufacturing (especially high-tech electronics, chemicals, drugs, and vehicles) as well as trade. Sweden's leading manufacturing concern was SKF , a leading maker of bearings for machinery. In order to expand its international business, it decided in 1966 it needed to use

5382-636: The U.S. applies its corporate taxation "extraterritorially", which has motivated tax inversions to change the home state. By 2019, most OECD nations, with the notable exception of the U.S., had moved to territorial tax in which only revenue inside the border was taxed; however, these nations typically scrutinize foreign income with controlled foreign corporation (CFC) rules to avoid base erosion and profit shifting . In practice, even under an extraterritorial system, taxes may be deferred until remittance, with possible repatriation tax holidays , and subject to foreign tax credits . Countries generally cannot tax

5499-499: The UN authorized a US-led coalition that repulsed Iraq's invasion of Kuwait . Brian Urquhart , the under-secretary-general of the UN from 1971 to 1985, later described the hopes raised by these successes as a "false renaissance" for the organization, given the more troubled missions that followed. Beginning in the last decades of the Cold War , critics of the UN condemned the organization for perceived mismanagement and corruption. In 1984, American President Ronald Reagan withdrew

5616-412: The UN established the United Nations Operation in the Congo (or UNOC), the largest military force of its early decades, to bring order to Katanga , restoring it to the control of the Democratic Republic of the Congo by 11 May 1964. While travelling to meet rebel leader Moise Tshombe during the conflict, Dag Hammarskjöld , often named as one of the UN's most effective secretaries-general, died in

5733-562: The UN had 51 member states ; as of 2024 , it has 193 sovereign states , nearly all of the world's recognized sovereign states. The UN's mission to preserve world peace was complicated in its initial decades due in part to Cold War tensions that existed between the United States and Soviet Union and their respective allies. Its mission has included the provision of primarily unarmed military observers and lightly armed troops charged with primarily monitoring, reporting and confidence-building roles. UN membership grew significantly following

5850-430: The UN itself and operate with almost complete independence from it". These include specialized agencies, research and training institutions, programmes and funds and other UN entities. All organizations in the UN system obey the Noblemaire principle , which calls for salaries that will attract and retain citizens of countries where compensation is highest, and which ensures equal pay for work of equal value regardless of

5967-481: The UN report for their links to Israeli settlements in the occupied West Bank. Multinational corporation Most of the current largest and most influential companies are publicly traded multinational corporations, including Forbes Global 2000 companies. The history of multinational corporations began with the history of colonialism . The first multi-national corporations were founded to set up colonial "factories" or port cities. The two main examples were

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6084-446: The UN's focus on promoting development, peacekeeping, human rights and global security. The Sustainable Development Goals (or SDGs) were launched in 2015 to succeed the Millennium Development Goals. In addition to addressing global challenges, the UN has sought to improve its accountability and democratic legitimacy by engaging more with civil society and fostering a global constituency. In an effort to enhance transparency, in 2016

6201-405: The UN's primary mandate was peacekeeping , the division between the United States and the Soviet Union often paralysed the organization; generally allowing it to intervene only in conflicts distant from the Cold War . Two notable exceptions were a Security Council resolution on 7 July 1950 authorizing a US-led coalition to repel the North Korean invasion of South Korea , passed in the absence of

6318-420: The UN, 16 of them from Africa. On 25 October 1971, with opposition from the United States, but with the support of many Third World nations, the People's Republic of China was given the Chinese seat on the Security Council in place of the Republic of China (also known as Taiwan). The vote was widely seen as a sign of waning American influence in the organization. Third World nations organized themselves into

6435-580: The United Nations can establish various specialized agencies to fulfill its duties. Specialized agencies are autonomous organizations working with the United Nations and each other through the coordinating machinery of the Economic and Social Council. Each was integrated into the UN system through an agreement with the UN under UN Charter article 57. There are fifteen specialized agencies, which perform functions as diverse as facilitating international travel, preventing and addressing pandemics, and promoting economic development. The United Nations system includes

6552-450: The United States sanctions against Iran ; European companies faced with the possibility of losing access to the U.S. market by trading with Iran. International investment agreements also facilitate direct investment between two countries, such as the North American Free Trade Agreement and most favored nation status. Raymond Vernon reported in 1977 that of the largest multinationals focused on manufacturing, 250 were headquartered in

6669-506: The United States scrutinizes foreign investments. In addition, corporations may be prohibited from various business transactions by international sanctions or domestic laws. For example, Chinese domestic corporations or citizens have limitations on their ability to make foreign investments outside China, in part to reduce capital outflow . Countries can impose extraterritorial sanctions on foreign corporations even for doing business with other foreign corporations, which occurred in 2019 with

6786-558: The United States as the largest consumer and guarantor of the existing oil security order. Since the Iraq War, OPEC has had only a minor influence on oil prices, but it has expanded to 11 members, accounting for about 40 percent of total global oil production, although this is a decline from nearly 50 percent in 1974. Oil has practically become a common commodity, leading to much more volatile prices. Most OPEC members are wealthy, and most remain dependent on oil revenues, which has serious consequences, such as when OPEC members were pressured by

6903-461: The United States from 2010. The USA became the leading oil producer, creating tension with OPEC. In 2014, Saudi Arabia increased production to push new American producers out of the market, leading to lower prices. OPEC then reduced production in 2016 to raise prices, further worsening relations with the United States. By 2012, only 7% of the world's known oil reserves were in countries that allowed private international companies free rein; 65% were in

7020-421: The United States' funding from the United Nations Educational, Scientific and Cultural Organisation (or UNESCO) over allegations of mismanagement, followed by the United Kingdom and Singapore. Boutros Boutros-Ghali , the secretary-general from 1992 to 1996, initiated a reform of the Secretariat, somewhat reducing the size of the organisation. His successor, Kofi Annan , initiated further management reforms in

7137-407: The United States, 115 in Western Europe, 70 in Japan, and 20 in the rest of the world. The multinationals in banking numbered 20 headquartered in the United States, 13 in Europe, nine in Japan and three in Canada. Today multinationals can select from a variety of jurisdictions for various subsidiaries, but the ultimate parent company can select a single legal domicile ; The Economist suggests that

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7254-475: The VOC in 1799, and during the 19th century, other governments increasingly took over private companies, most notably in British India. During the process of decolonization , the European colonial charter companies were disbanded, with the final colonial corporation, the Mozambique Company , dissolving in 1972. Mining of gold, silver, copper, and oil was a major activity early on and remains so today. International mining companies became prominent in Britain in

7371-401: The West to the post-colonial South and invest either in foreign expenditures or ostentatious economic development projects. After 1974, most of the money from OPEC members ceased as payments for goods and services or investments in Western industry. In February 1974, the first Washington Energy Conference was convened. The most significant contribution of this conference was the establishment of

7488-417: The actions of member nations. It is widely recognised as the world's largest international organization. The UN is headquartered in New York City , in international territory with certain privileges extraterritorial to the United States, and the UN has other offices in Geneva , Nairobi , Vienna , and The Hague , where the International Court of Justice is headquartered at the Peace Palace . The UN

7605-510: The assembly gathers at annual sessions at the General Assembly Hall , but emergency sessions can be summoned. The assembly is led by a president , elected by the member states on a rotating regional basis, and 21 vice-presidents. The first session convened on 10 January 1946 in the Methodist Central Hall in London and comprised representatives of 51 nations. When the General Assembly decides on seminal questions such as those on peace and security, admission of new members and budgetary matters,

7722-412: The basis of the Convention on the Privileges and Immunities of the United Nations , the UN and its agencies are immune from the laws of the countries where they operate, safeguarding the UN's impartiality with regard to host and member countries. Below the six organs are, in the words of the author Linda Fasulo, "an amazing collection of entities and organizations, some of which are actually older than

7839-408: The behavior of multinational corporations, given that they are effectively "stateless" actors, is one of several urgent global socioeconomic problems that has emerged during the late twentieth century. Potentially, the best concept for analyzing society's governance limitations over modern corporations is the concept of "stateless corporations". Coined at least as early as 1991 in Business Week ,

7956-470: The body's former headquarters in the Peace Palace in The Hague, Netherlands , making it the only principal organ not based in New York City. The ICJ's main function is adjudicating disputes among nations. Examples of issues they have heard include war crimes, violations of state sovereignty and ethnic cleansing. The court can also be called upon by other UN organs to provide advisory opinions on matters of international law. All UN member states are parties to

8073-438: The century prior to the UN's creation, several international organizations such as the International Committee of the Red Cross were formed to ensure protection and assistance for victims of armed conflict and strife. During World War I , several major leaders, especially U.S. President Woodrow Wilson , advocated for a world body to guarantee peace. The winners of the war, the Allies , met to decide on formal peace terms at

8190-579: The collapse of the Shah's regime in Iran. Iran became a regional power due to oil money and American weapons. The Shah eventually abdicated and fled the country. This prompted a strike by thousands of Iranian oil workers, significantly reducing oil production in Iran. Saudi Arabia tried to cope with the crisis by increasing production, but oil prices still soared, leading to the "second oil shock." Saudi Arabia significantly reduced oil production, losing most of its revenues. In 1986, Riyadh changed course, and oil production in Saudi Arabia sharply increased, flooding

8307-604: The companies. This occurred in 1960. Prior to the 1973 oil crisis , the Seven Sisters controlled around 85 percent of the world's petroleum reserves . In the 1970s, most countries with large reserves nationalized their reserves that had been owned by major oil companies. Since then, industry dominance has shifted to the OPEC cartel and state-owned oil and gas companies, such as Saudi Aramco , Gazprom (Russia), China National Petroleum Corporation , National Iranian Oil Company , PDVSA (Venezuela), Petrobras (Brazil), and Petronas (Malaysia). A unilateral increase in oil prices

8424-510: The conception was theoretically clarified in 1993: that an empirical strategy for defining a stateless corporation is with analytical tools at the intersection between demographic analysis and transportation research. This intersection is known as logistics management , and it describes the importance of rapidly increasing global mobility of resources. In a long history of analysis of multinational corporations, we are some quarter-century into an era of stateless corporations—corporations that meet

8541-580: The council are known as United Nations Security Council resolutions . The Security Council is made up of fifteen member states: five permanent members (China, France, Russia, the United Kingdom and the United States) and ten non-permanent members (currently Algeria , Ecuador , Guyana , Japan , Malta , Mozambique , the Republic of Korea , Sierra Leone , Slovenia and Switzerland ). The five permanent members hold veto power over UN resolutions, allowing

8658-643: The creation of a "world customer". The idea of a global corporate village entailed the management and reconstitution of parochial attachments to one's nation. It involved not a denial of the naturalness of national attachments, but an internationalization of the way a nation defines itself. "Multinational enterprise" (MNE) is the term used by international economist and similarly defined with the multinational corporation (MNC) as an enterprise that controls and manages production establishments, known as plants located in at least two countries. The multinational enterprise (MNE) will engage in foreign direct investment (FDI) as

8775-508: The debate from a neo-liberal perspective in Storm over the Multinationals (1977). United Nations The United Nations ( UN ) is a diplomatic and political international organization with the intended purpose of maintaining international peace and security , developing friendly relations among nations, achieving international cooperation, and serving as a center for coordinating

8892-838: The eighth secretary-general, Ban Ki-moon , the UN intervened with peacekeepers in crises such as the War in Darfur in Sudan and the Kivu conflict in the Democratic Republic of the Congo and sent observers and chemical weapons inspectors to the Syrian Civil War . In 2013, an internal review of UN actions in the final battles of the Sri Lankan Civil War in 2009 concluded that the organization had suffered

9009-485: The employee's nationality. In practice, the International Civil Service Commission , which governs the conditions of UN personnel, takes reference to the highest-paying national civil service. Staff salaries are subject to an internal tax that is administered by the UN organizations. The General Assembly is the primary deliberative assembly of the UN. Composed of all UN member states ,

9126-532: The face of threats from the US to withhold its UN dues. Though the UN Charter had been written primarily to prevent aggression by one nation against another, in the early 1990s the UN faced several simultaneous, serious crises within Somalia, Haiti, Mozambique, and the nations that previously made up Yugoslavia. The UN mission in Somalia was widely viewed as a failure after the United States' withdrawal following casualties in

9243-498: The failure of UN mediation in conflicts in the Middle East , Vietnam , and Kashmir , the UN increasingly shifted its attention to its secondary goals of economic development and cultural exchange. By the 1970s, the UN budget for social and economic development was far greater than its peacekeeping budget. After the Cold War, the UN saw a radical expansion in its peacekeeping duties, taking on more missions in five years than it had in

9360-481: The firm makes direct investments in host country plants for equity ownership and managerial control to avoid some transaction costs . Sanjaya Lall in 1974 proposed a spectrum of scholarly analysis of multinational corporations, from the political right to the left. He put the business school how-to-do-it writers at the extreme right, followed by the liberal laissez-faire economists, and the neoliberals (they remain right of center but do allow for occasional mistakes of

9477-747: The five principal organs are located at the main UN Headquarters in New York City, while the International Court of Justice is seated in The Hague . Most other major agencies are based in the UN offices at Geneva , Vienna , and Nairobi , and additional UN institutions are located throughout the world. The six official languages of the UN, used in intergovernmental meetings and documents, are Arabic , Chinese , English , French , Russian and Spanish . On

9594-416: The hands of state-owned companies that operated in one country and sold oil to multinationals such as BP, Shell, ExxonMobil and Chevron. Down through the 1930s, about 80% of the international investments by multinational corporations were concentrated in the primary sector, especially mining (especially oil) and agriculture (rubber, tobacco, sugar, palm oil , coffee, cocoa, and tropical fruits). Most went to

9711-613: The international oil market. Iran was unable to sell any of its oil. In August 1953, the then-prime minister was overthrown by a pro-American dictatorship led by the Shah, and in October 1954, the Iranian industry was denationalized. Worldwide oil consumption increased rapidly between 1949 and 1970, a period known as the 'golden age of oil'. This increase in consumption was caused not only by the growth of production by multinational oil companies but also by

9828-415: The internationalization of production. For the first time in history, production, marketing, and investment are being organized on a global scale rather than in terms of isolated national economies. International business is also a specialist field of academic research. Economic theories of the multinational corporation include internalization theory and the eclectic paradigm . The latter is also known as

9945-469: The largest gathering of world leaders in history, and it culminated in the adoption by all member states of the Millennium Development Goals (or MDGs), a commitment to achieve international development in areas such as poverty reduction , gender equality and public health . Progress towards these goals, which were to be met by 2015, was ultimately uneven. The 2005 World Summit reaffirmed

10062-460: The largest recipients. However, 70% of foreign direct investment went into developed countries in the form of stocks and cash flows. The rise in the number of multinational companies could be due to a stable political environment that encourages cooperation, advances in technology that enable management of faraway regions, and favorable organizational development that encourages business expansion into other countries. A multinational corporation (MNC)

10179-474: The laws and regulations of both their domicile and the additional jurisdictions where they are engaged in business. In some cases, the jurisdiction can help to avoid burdensome laws, but regulatory statutes often target the "enterprise" with statutory language around "control". As of 1992 , the United States and most OECD countries have the donot legal authority to tax a domiciled parent corporation on its worldwide revenue, including subsidiaries. As of 2019 ,

10296-488: The market with cheap oil. This caused a worldwide drop in oil prices, hence the "third oil shock" or "counter-shock." However, this shock represented something much bigger—the end of OPEC's dominance and its control over oil prices. Iraqi President Saddam Hussein decided to attack Kuwait. The invasion sparked a crisis in the Middle East, prompting Saudi Arabia to request assistance from the United States. The United States sent

10413-531: The marketplace such as externalities). Moving to the left side of the line are nationalists, who prioritize national interests over corporate profits, then the "dependencia" school in Latin America that focuses on the evils of imperialism, and on the far left the Marxists. The range is so broad that scholarly consensus is hard to discern. Anti-corporate advocates criticize multinational corporations for being without

10530-455: The organization are five principal organs established by the UN Charter: the General Assembly , the Security Council , the Economic and Social Council , the International Court of Justice and the UN Secretariat . A sixth principal organ, the Trusteeship Council , suspended its operations on 1 November 1994 upon the independence of Palau ; the last remaining UN trustee territory. Four of

10647-497: The organization held its first public debate between candidates for secretary-general. On 1 January 2017, Portuguese diplomat António Guterres , who had previously served as the UN High Commissioner for Refugees , became the ninth secretary-general. Guterres has highlighted several key goals for his administration, including an emphasis on diplomacy for preventing conflicts, more effective peacekeeping efforts, and streamlining

10764-473: The organization to be more responsive and versatile to international needs. On 13 June 2019, the UN signed a Strategic Partnership Framework with the World Economic Forum in order to "jointly accelerate" the implementation of the 2030 Agenda for Sustainable Development . The United Nations is part of the broader UN System, which includes an extensive network of institutions and entities. Central to

10881-515: The plenary meetings. Previously, Churchill had urged Roosevelt to restore France to its status of a major power after the liberation of Paris in August 1944. The drafting of the Charter of the United Nations was completed over the following two months, and it was signed on 26 June 1945 by the representatives of the 50 countries. The UN officially came into existence on 24 October 1945, upon ratification of

10998-540: The post, but over the years it has become accepted that the position shall be held for one or two terms of five years. The current secretary-general is António Guterres of Portugal, who replaced Ban Ki-moon in 2017. The International Court of Justice (or ICJ), sometimes known as the World Court, is the primary judicial organ of the UN. It is the successor to the Permanent Court of International Justice and occupies

11115-577: The post-war world. At the subsequent meeting of the Inter-Allied Council in London on 24 September 1941, the eight governments in exile of countries under Axis occupation , together with the Soviet Union and representatives of the Free French Forces , unanimously adopted adherence to the common principles of policy set forth by Britain and the United States. Roosevelt and Churchill met at

11232-548: The presence of Russian troops in Iranian Azerbaijan and British forces in Greece . British diplomat Gladwyn Jebb served as interim secretary-general. The General Assembly selected New York City as the site for the headquarters of the UN. Construction began on 14 September 1948 and the facility was completed on 9 October 1952. The Norwegian Foreign Minister, Trygve Lie , was the first elected UN secretary-general . Though

11349-518: The previous four decades. Between 1988 and 2000, the number of adopted Security Council resolutions more than doubled, and the peacekeeping budget increased by more than tenfold. The UN negotiated an end to the Salvadoran Civil War , launched a successful peacekeeping mission in Namibia , and oversaw democratic elections in post- apartheid South Africa and post- Khmer Rouge Cambodia. In 1991,

11466-560: The price collapse in 1998–1999. The United States still maintains close relations with Saudi Arabia. In 2003, U.S. forces invaded Iraq with the aim of removing the dictatorship and gaining access to Iraqi oil reserves, giving the United States greater strategic importance from 2000 to 2008. During this period, there was a constant shortage of oil, but its consumption continued to rise, maintaining high prices and leading to concerns about "peak oil". From 2005 to 2012, there were advances in oil and gas extraction, leading to increased production in

11583-595: The realities of the needs of source materials on a worldwide basis and to produce and customize products for individual countries. One of the first multinational business organizations, the East India Company , was established in 1601. After the East India Company came the Dutch East India Company , founded on March 20, 1603, which would become the largest company in the world for nearly 200 years. The main characteristics of multinational companies are: When

11700-537: The rest of Altice but retaining the same chairman, Patrick Drahi, and the same logo. Altice bought several regional cable television operators in France from 2002 to 2007, merging them under the brand Numericable . In 2009, Patrick Drahi increased his stake in Hot , a cable television operator in Israel. Drahi completed the takeover in 2011, and offered to buy the remaining shares in 2012. In November 2013, Orange announced it

11817-486: The seventh-largest US cable company at US$ 9.1 billion. The other 30% continues to be owned by BC Partners and CPP Investment Board . In May 2015, Altice was said to be launching a bid for Time Warner Cable , which has a US$ 45 billion market capitalization, following a failed bid by Comcast . It was instead acquired by Charter Communications . In June 2015 Altice acquired Portugal Telecom and sold Cabovisão to Apax France (later Seven2). In June 2015, it

11934-456: The singular Altice brand by mid-2018. Altice split from Altice USA in 2018. In September 2020, Drahi put on an offer of €2.5 billion to buy minority shareholders of Altice Europe and secure control of the company. An increased bid was accepted in January 2021, and the company delisted from the Euronext stock exchange. In June 2021, Altice acquired 12% of BT . In December 2021, Altice acquired

12051-495: The strong influence of the United States on the global oil market. In 1959, companies lowered the price of oil due to a surplus in the market. This reduction dealt a significant blow to the finances of producers. Saudi oil minister Abdullah Tariki and Venezuela’s Juan Perez Alfonso entered into a secret agreement (the Mahdi Pact), promising that if the price of oil was lowered a second time, they would take collective action against

12168-416: The widespread decolonization in the 1960s. Since then, 80 former colonies have gained independence, including 11 trust territories that had been monitored by the Trusteeship Council . By the 1970s, the UN's budget for economic and social development programmes vastly exceeded its spending on peacekeeping . After the end of the Cold War in 1991, the UN shifted and expanded its field operations, undertaking

12285-484: The world market, jobs for locals, and business and profits for companies. Cecil Rhodes (1853–1902) was one of the few businessmen in the era who became Prime Minister (of South Africa 1890–1896). His mining enterprises included the British South Africa Company and De Beers . The latter company practically controlled the global diamond market from its base in southern Africa. In 1945, the United States

12402-404: The world stage. The office has evolved into a dual role of an administrator of the UN organization and a diplomat and mediator addressing disputes between member states and finding consensus to global issues . The secretary-general is appointed by the General Assembly, after being recommended by the Security Council, where the permanent members have veto power. There are no specific criteria for

12519-573: The world without a concentration in one area have been called stateless or "transnational" (although "transnational corporation" is also used synonymously with "multinational corporation" ), but as of 1992, a corporation must be legally domiciled in a particular country and engage in other countries through foreign direct investment and the creation of foreign subsidiaries. Geographic diversification can be measured across various domains, including ownership and control, workforce, sales, and regulation and taxation. Multinational corporations may be subject to

12636-503: The worldwide revenue of a foreign subsidiary, and taxation is complicated by transfer pricing arrangements with parent corporations. For small corporations, registering a foreign subsidiary can be expensive and complex, involving fees, signatures, and forms; a professional employer organization (PEO) is sometimes advertised as a cheaper and simpler alternative, but not all jurisdictions have laws accepting these types of arrangements. Disputes between corporations in different nations

12753-543: Was announced that backing the Altice purchase of Cablevision, were private equity firm BC Partners and CPPIB . In December 2016, Altice announced its deal to sell SFR Belux to Telenet for €400 million. In March 2017, Altice acquired video ad tech firm Teads for US$ 307 million. The company filed for IPO in July 2021. In May 2017, Altice and Altice USA unveiled a new logo and slogan, "Together Has No Limits", and announced that it would unify all of its telecom holdings under

12870-438: Was enabled by multinational corporations known as the 'Seven Sisters'. The "Seven Sisters" was a common term for the seven multinational companies that dominated the global petroleum industry from the mid-1940s to the mid-1970s. The nationalization of the Iranian oil industry in 1951 by Iranian Prime Minister Mohammad Mosaddegh and the subsequent boycott of Iranian oil by all companies had dramatic consequences for Iran and

12987-825: Was established after World War II with the aim of preventing future world wars , and succeeded the League of Nations , which was characterized as being ineffective. On 25 April 1945, 50 nations assembled in San Francisco , California, for a conference and initialised the drafting of the UN Charter , which was adopted on 25 June 1945. The charter took effect on 24 October 1945, when the UN began operations. The UN's objectives, as outlined by its charter, include maintaining international peace and security, protecting human rights , delivering humanitarian aid , promoting sustainable development , and upholding international law . At its founding,

13104-448: Was fully aware that the means to overcoming cultural resistance depended on an "understanding" of the countries in which a corporation operated. He observed that companies with "foresight to capitalize on international opportunities" must recognize that " cultural anthropology will be an important tool for competitive marketing". However, the projected outcome of this was not the assimilation of international firms into national cultures, but

13221-546: Was labeled as "the largest nonviolent transfer of wealth in human history." The OPEC sought immediate discussions regarding participation in national oil industries. Companies were not inclined to object as the price hike benefited both them and OPEC members. In 1980, the Seven Sisters were entirely displaced and replaced by national oil companies (NOCs). The rise in oil prices burdened developing countries with balance of payments deficits, leading to an energy crisis. OPEC members had to abandon their plan of redistributing wealth from

13338-447: Was re-elected on 8 June 2021. The organization is financed by assessed and voluntary contributions from its member states. The UN, its officers, and its agencies have won multiple Nobel Peace Prizes , although other evaluations of its effectiveness have been contentious. Some commentators believe the organization to be a leader in peace and human development, while others have criticized it for ineffectiveness, bias, and corruption . In

13455-400: Was reported that Altice had offered €10 billion for Bouygues Telecom , the third largest telecoms company in France. Bouygues' board refused and as of March 2016, is considering merging with Orange. On 17 September 2015, it was announced that Altice would acquire Cablevision , a Bethpage , Long Island based cable provider for US$ 17.7 billion, including debt. In October 2015, it

13572-539: Was selling Orange Dominicana to Altice for $ 1.4 billion. In March 2014, it acquired SFR , France's second-largest mobile phone and Internet services company, from Vivendi . In November 2014, France's competition watchdog approved a deal for Numericable to acquire Virgin Mobile France for €325 million. In May 2015, Altice acquired a 70% controlling stake in Suddenlink Communications , which valued

13689-550: Was the world's largest oil producer. However, their reserves were declining due to high demand. Therefore, the United States turned to foreign oil sources, which had a significant impact on the recovery of the West after World War II. Most of the world's oil was found in Latin America and the Middle East, particularly in the Arab states of the Persian Gulf. This increase in non-American production

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