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Multinational corporations can have a powerful influence in international relations and local economies. Multinational corporations play an important role in globalization; some argue that a new form of MNC is evolving in response to globalization: the 'globally integrated enterprise'. MNCs have existed since 1602, in which year the first MNC, the Dutch East India Company, was established.
Multinational corporations can be divided into three broad groups according to the configuration of their production facilities:
Horizontally integrated multinational corporations manage production establishments located in different countries to produce the same or similar products...
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