"Another factor that should be regarded as more favorable stems from the increasingly obvious conflicts between the public interests (which are of real benefit to the peoples) of the wealthy nations and the private interests of their great international corporations. The overall cost (military, economic, social and political) of operating through multinational enterprises exceeds their contribution to the central economies and becomes increasingly burdensome to the taxpayer. We should also take into consideration the plundering of these international cartels, and their powerful corruptive influence on public institutions in rich and poor countries alike. The peoples affected oppose such exploitation and demand that the government concerned cease giving over part of their foreign economic policy to private enterprises that arrogate to themselves the role of agents promoting the progress of the poorer countries and that have become a supranational force which is threatening to get completely out of control. This undeniable fact has profound implications for the proceedings of the present Conference. There is a serious risk that, even if satisfactory agreement is reached by the representatives of sovereign states, the measures upon which we agree may produce no real effects, inasmuch as these companies handle de facto the practical application of the agreements in silence and conforming to their own interests."
A multinational corporation (MNC) is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad to diversify financial ris
"The big question today is Will globalisation allow democracy to survive? On one side we have the multinationals, the International Monetary Fund and the European Union. I want to help to redress the balance on the other side."
"Nation state as a fundamental unit of mans organized life has ceased to be the principal creative force: International banks and multinational corporations are acting and planning in terms that are far in advance of the political concepts of the nation-state."
"Will it be a great source of comfort to certain Canadian boys to know that the bullet that maimed them for life was made from Canadian nickel sold by the International Nickel Company?"
"The multinational corporation and international production reflect a world in which capital and technology have become increasingly mobile, while labor has remained relatively immobile."
"Another development of unquestionably vital importance, which cuts across and embraces the present structure of international economic relations, and which in practice makes a mockery of international agreements, is the expansion of the great multinational corporations. The financial, commercial and technological potential concentrated in these is steadily increasing, and they are rapidly becoming the real power factor behind the current features of the world economy. They have their own objectives, their own trade policies, their shipping policies, their own investment policies, their own integration policies, their own outlook, their own lines of action. A world of their own."
"Cuando superas la idea de una Europa sublime, sólo ves una organización de tiburones y multinacionales que no están por encima de los estados sino que los utilizan. translation When you overcome the idea of a sublime Europe, you only see an organization of sharks and multinationals that are not above the states but rather use them, because without the state police the multinationals would not function."