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22 multinationals made more than $6 billion profit in 2000, and Exxon Mobil made $17.7 billion profit, a 124% increase over the previous year. The value of mergers and acquisitions in 2000 was estimated at $3.2 trillion, the most notable being Pfizer with Warner-Lambert in a $116 billion deal, and Glaxo Wellcome's purchase of SmithKline Beecham for $76 billion (to create GlaxoSmithKline).
Multinationals are seen in some quarters as posing a threat to individual national sovereignty, and as using undue influence to secure favourable operating conditions. In 1992, it was estimated that the world's 500 largest companies controlled at least 70% of world trade, 80% of foreign investment, and 30% of global GDP...
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Common topics in this essay:
- Advanced International Corporation Market Entry Advantage
- Emerging Market Multinational Enterprises - Haier (German)
- Exhange risk faced by multinational companies.
- Knowledge of the firm and the evolutionary theory of the multinational corporation
- Multinational Corporation Management Course Paper Requirement
- Multinational Corporation
- Multinational Corporations
- Multinational corporations
- multinational companies
- multinational corporation
- multinational corps
- Next generation of multinational manager
- Success in Multinational Firms
- Multinational Companies
- Discuss the challenges facing Multinational Corporation in the management of global talent.
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