A multi-national corporation ( MNC ; also called a multi-national enterprise ( MNE ), trans-national enterprise ( TNE ), trans-national corporation ( TNC ), international corporation , or state less corporation , ) 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 solely to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multi-national corporation "if it derives 25% or more of its revenue from out-of-home-country operations".
137-491: Casio Computer Co., Ltd. ( カシオ計算機株式会社 , Kashio Keisanki Kabushiki-gaisha ) is a Japanese multinational electronics manufacturing corporation headquartered in Shibuya , Tokyo , Japan. Its products include calculators , mobile phones , digital cameras , electronic musical instruments , and analogue and digital watches . It was founded in 1946, and in 1957 introduced the first entirely compact electronic calculator. It
274-448: A backlight or reflector to produce images in color or monochrome . LCDs are available to display arbitrary images (as in a general-purpose computer display) or fixed images with low information content, which can be displayed or hidden: preset words, digits, and seven-segment displays (as in a digital clock) are all examples of devices with these displays. They use the same basic technology, except that arbitrary images are made from
411-454: A refresh operation. Active-matrix addressed displays look brighter and sharper than passive-matrix addressed displays of the same size, and generally have quicker response times, producing much better images. Sharp produces bistable reflective LCDs with a 1-bit SRAM cell per pixel that only requires small amounts of power to maintain an image. Segment LCDs can also have color by using Field Sequential Color (FSC LCD). This kind of displays have
548-631: A 14-inch, active-matrix, full-color, full-motion TFT-LCD. This led to Japan launching an LCD industry, which developed large-size LCDs, including TFT computer monitors and LCD televisions. Epson developed the 3LCD projection technology in the 1980s, and licensed it for use in projectors in 1988. Epson's VPJ-700, released in January 1989, was the world's first compact , full-color LCD projector . In 1990, under different titles, inventors conceived electro optical effects as alternatives to twisted nematic field effect LCDs (TN- and STN- LCDs). One approach
685-493: A Gen 8.5 mother glass, significantly reducing waste. The thickness of the mother glass also increases with each generation, so larger mother glass sizes are better suited for larger displays. An LCD module (LCM) is a ready-to-use LCD with a backlight. Thus, a factory that makes LCD modules does not necessarily make LCDs, it may only assemble them into the modules. LCD glass substrates are made by companies such as AGC Inc. , Corning Inc. , and Nippon Electric Glass . The origin and
822-572: A TN device in the voltage-on state is far less dependent on variations in the device thickness than that in the voltage-off state. Because of this, TN displays with low information content and no backlighting are usually operated between crossed polarizers such that they appear bright with no voltage (the eye is much more sensitive to variations in the dark state than the bright state). As most of 2010-era LCDs are used in television sets, monitors and smartphones, they have high-resolution matrix arrays of pixels to display arbitrary images using backlighting with
959-766: 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
1096-455: A blue polarizer, or birefringence which gives them their distinctive appearance. STN LCDs have to be continuously refreshed by alternating pulsed voltages of one polarity during one frame and pulses of opposite polarity during the next frame. Individual pixels are addressed by the corresponding row and column circuits. This type of display is called passive-matrix addressed , because the pixel must retain its state between refreshes without
1233-508: 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
1370-419: A dark background. When no image is displayed, different arrangements are used. For this purpose, TN LCDs are operated between parallel polarizers, whereas IPS LCDs feature crossed polarizers. In many applications IPS LCDs have replaced TN LCDs, particularly in smartphones . Both the liquid crystal material and the alignment layer material contain ionic compounds . If an electric field of one particular polarity
1507-646: A few used plasma displays ) and the original Nintendo Game Boy until the mid-1990s, when color active-matrix became standard on all laptops. The commercially unsuccessful Macintosh Portable (released in 1989) was one of the first to use an active-matrix display (though still monochrome). Passive-matrix LCDs are still used in the 2010s for applications less demanding than laptop computers and TVs, such as inexpensive calculators. In particular, these are used on portable devices where less information content needs to be displayed, lowest power consumption (no backlight ) and low cost are desired or readability in direct sunlight
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#17327797977791644-460: A finely ground powdered pigment, with particles being just 40 nanometers across. The black resist is the first to be applied; this will create a black grid (known in the industry as a black matrix) that will separate red, green and blue subpixels from one another, increasing contrast ratios and preventing light from leaking from one subpixel onto other surrounding subpixels. After the black resist has been dried in an oven and exposed to UV light through
1781-429: 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
1918-415: A glass substrate to form the cell circuitry to operate the panel. It is usually not possible to use soldering techniques to directly connect the panel to a separate copper-etched circuit board. Instead, interfacing is accomplished using anisotropic conductive film or, for lower densities, elastomeric connectors . Monochrome and later color passive-matrix LCDs were standard in most early laptops (although
2055-514: A grid with vertical wires across the whole screen on one side of the screen and horizontal wires across the whole screen on the other side of the screen. To this grid each pixel has a positive connection on one side and a negative connection on the other side. So the total amount of wires needed for a 1080p display is 3 x 1920 going vertically and 1080 going horizontally for a total of 6840 wires horizontally and vertically. That's three for red, green and blue and 1920 columns of pixels for each color for
2192-412: A high speed passive segment LCD panel with an RGB backlight. The backlight quickly changes color, making it appear white to the naked eye. The LCD panel is synchronized with the backlight. For example, to make a segment appear red, the segment is only turned ON when the backlight is red, and to make a segment appear magenta, the segment is turned ON when the backlight is blue, and it continues to be ON while
2329-449: A layer of molecules aligned between two transparent electrodes , often made of indium tin oxide (ITO) and two polarizing filters (parallel and perpendicular polarizers), the axes of transmission of which are (in most of the cases) perpendicular to each other. Without the liquid crystal between the polarizing filters, light passing through the first filter would be blocked by the second (crossed) polarizer. Before an electric field
2466-624: A leading position in the wristwatch market, like Seiko and its first 6-digit TN-LCD quartz wristwatch, and Casio 's 'Casiotron'. Color LCDs based on Guest-Host interaction were invented by a team at RCA in 1968. A particular type of such a color LCD was developed by Japan's Sharp Corporation in the 1970s, receiving patents for their inventions, such as a patent by Shinji Kato and Takaaki Miyazaki in May 1975, and then improved by Fumiaki Funada and Masataka Matsuura in December 1975. TFT LCDs similar to
2603-468: A matrix consisting of electrically connected rows on one side of the LC layer and columns on the other side, which makes it possible to address each pixel at the intersections. The general method of matrix addressing consists of sequentially addressing one side of the matrix, for example by selecting the rows one-by-one and applying the picture information on the other side at the columns row-by-row. For details on
2740-431: A matrix of small pixels , while other displays have larger elements. LCDs can either be normally on (positive) or off (negative), depending on the polarizer arrangement. For example, a character positive LCD with a backlight has black lettering on a background that is the color of the backlight, and a character negative LCD has a black background with the letters being of the same color as the backlight. LCDs are used in
2877-490: 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
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#17327797977793014-409: A mini-LED backlight and quantum dot sheets. LCDs with quantum dot enhancement film or quantum dot color filters were introduced from 2015 to 2018. Quantum dots receive blue light from a backlight and convert it to light that allows LCD panels to offer better color reproduction. Quantum dot color filters are manufactured using photoresists containing quantum dots instead of colored pigments, and
3151-473: A photomask, the unexposed areas are washed away, creating a black grid. Then the same process is repeated with the remaining resists. This fills the holes in the black grid with their corresponding colored resists. Black matrices made in the 1980s and 1990s when most color LCD production was for laptop computers, are made of Chromium due to its high opacity, but due to environmental concerns, manufacturers shifted to black colored photoresist with carbon pigment as
3288-449: A plane parallel to the glass substrates. In this method, the electrical field is applied through opposite electrodes on the same glass substrate, so that the liquid crystals can be reoriented (switched) essentially in the same plane, although fringe fields inhibit a homogeneous reorientation. This requires two transistors for each pixel instead of the single transistor needed for a standard thin-film transistor (TFT) display. The IPS technology
3425-464: A reflective display. The common implementations of LCD backlight technology are: Today, most LCD screens are being designed with an LED backlight instead of the traditional CCFL backlight, while that backlight is dynamically controlled with the video information (dynamic backlight control). The combination with the dynamic backlight control, invented by Philips researchers Douglas Stanton, Martinus Stroomer and Adrianus de Vaan, simultaneously increases
3562-526: A sharper threshold of the contrast-vs-voltage characteristic than the original TN LCDs. This is important, because pixels are subjected to partial voltages even while not selected. Crosstalk between activated and non-activated pixels has to be handled properly by keeping the RMS voltage of non-activated pixels below the threshold voltage as discovered by Peter J. Wild in 1972, while activated pixels are subjected to voltages above threshold (the voltages according to
3699-483: A significant role in this growth, including as a result of their investments in LCD manufacturers via state-owned investment companies. China had previously imported significant amounts of LCDs, and the growth of its LCD industry decreased prices for other consumer products that use LCDs and led to growth in other sectors like mobile phones. LCDs do not produce light on their own, so they require external light to produce
3836-401: A single mother glass size and as a result, different manufacturers would use slightly different glass sizes for the same generation. Some manufacturers have adopted Gen 8.6 mother glass sheets which are only slightly larger than Gen 8.5, allowing for more 50- and 58-inch LCDs to be made per mother glass, specially 58-inch LCDs, in which case 6 can be produced on a Gen 8.6 mother glass vs only 3 on
3973-641: A total of 5760 wires going vertically and 1080 rows of wires going horizontally. For a panel that is 28.8 inches (73 centimeters) wide, that means a wire density of 200 wires per inch along the horizontal edge. The LCD panel is powered by LCD drivers that are carefully matched up with the edge of the LCD panel at the factory level. The drivers may be installed using several methods, the most common of which are COG (Chip-On-Glass) and TAB ( Tape-automated bonding ) These same principles apply also for smartphone screens that are much smaller than TV screens. LCD panels typically use thinly-coated metallic conductive pathways on
4110-531: A video speed-drive scheme that solved the slow response time of STN-LCDs, enabling high-resolution, high-quality, and smooth-moving video images on STN-LCDs. In 1985, Philips inventors Theodorus Welzen and Adrianus de Vaan solved the problem of driving high-resolution STN-LCDs using low-voltage (CMOS-based) drive electronics, allowing the application of high-quality (high resolution and video speed) LCD panels in battery-operated portable products like notebook computers and mobile phones. In 1985, Philips acquired 100% of
4247-416: A visible image. In a transmissive type of LCD, the light source is provided at the back of the glass stack and is called a backlight . Active-matrix LCDs are almost always backlit. Passive LCDs may be backlit but many are reflective as they use a reflective surface or film at the back of the glass stack to utilize ambient light. Transflective LCDs combine the features of a backlit transmissive display and
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4384-496: A voltage to a DSM display switches the initially clear transparent liquid crystal layer into a milky turbid state. DSM displays could be operated in transmissive and in reflective mode but they required a considerable current to flow for their operation. George H. Heilmeier was inducted in the National Inventors Hall of Fame and credited with the invention of LCDs. Heilmeier's work is an IEEE Milestone . In
4521-683: A wide range of applications, including LCD televisions , computer monitors , instrument panels , aircraft cockpit displays , and indoor and outdoor signage. Small LCD screens are common in LCD projectors and portable consumer devices such as digital cameras , watches , calculators , and mobile telephones , including smartphones . LCD screens have replaced heavy, bulky and less energy-efficient cathode-ray tube (CRT) displays in nearly all applications. LCDs are not subject to screen burn-in like on CRTs. However, LCDs are still susceptible to image persistence . Each pixel of an LCD typically consists of
4658-663: Is applied for a long period of time, this ionic material is attracted to the surfaces and degrades the device performance. This is avoided either by applying an alternating current or by reversing the polarity of the electric field as the device is addressed (the response of the liquid crystal layer is identical, regardless of the polarity of the applied field). Displays for a small number of individual digits or fixed symbols (as in digital watches and pocket calculators ) can be implemented with independent electrodes for each segment. In contrast, full alphanumeric or variable graphics displays are usually implemented with pixels arranged as
4795-407: Is applied to a TN liquid crystal cell, polarized light passes through the 90-degrees twisted LC layer. In proportion to the voltage applied, the liquid crystals untwist changing the polarization and blocking the light's path. By properly adjusting the level of the voltage almost any gray level or transmission can be achieved. In-plane switching is an LCD technology that aligns the liquid crystals in
4932-422: Is applied, the orientation of the liquid-crystal molecules is determined by the alignment at the surfaces of electrodes. In a twisted nematic (TN) device, the surface alignment directions at the two electrodes are perpendicular to each other, and so the molecules arrange themselves in a helical structure, or twist. This induces the rotation of the polarization of the incident light, and the device appears gray. If
5069-475: Is based on an electro-hydrodynamic instability forming what are now called "Williams domains" inside the liquid crystal. Building on early MOSFETs , Paul K. Weimer at RCA developed the thin-film transistor (TFT) in 1962. It was a type of MOSFET distinct from the standard bulk MOSFET. In 1964, George H. Heilmeier , who was working at the RCA laboratories on the effect discovered by Richard Williams, achieved
5206-463: Is needed. Displays having a passive-matrix structure use super-twisted nematic STN (invented by Brown Boveri Research Center, Baden, Switzerland, in 1983; scientific details were published ) or double-layer STN (DSTN) technology (the latter of which addresses a color-shifting problem with the former), and color-STN (CSTN), in which color is added by using an internal color filter. STN LCDs have been optimized for passive-matrix addressing. They exhibit
5343-410: 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
5480-465: Is used in everything from televisions, computer monitors, and even wearable devices, especially almost all LCD smartphone panels are IPS/FFS mode. IPS displays belong to the LCD panel family screen types. The other two types are VA and TN. Before LG Enhanced IPS was introduced in 2001 by Hitachi as 17" monitor in Market, the additional transistors resulted in blocking more transmission area, thus requiring
5617-865: 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
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5754-423: Is written to the display, the display may be cut from the power while retaining readable images. This has the advantage that such ebooks may be operated for long periods of time powered by only a small battery. High- resolution color displays, such as modern LCD computer monitors and televisions, use an active-matrix structure. A matrix of thin-film transistors (TFTs) is added to the electrodes in contact with
5891-527: The super-twisted nematic (STN) structure for passive matrix -addressed LCDs. H. Amstutz et al. were listed as inventors in the corresponding patent applications filed in Switzerland on July 7, 1983, and October 28, 1983. Patents were granted in Switzerland CH 665491, Europe EP 0131216, U.S. patent 4,634,229 and many more countries. In 1980, Brown Boveri started a 50/50 joint venture with
6028-546: The Engineering and Technology History Wiki . In 1888, Friedrich Reinitzer (1858–1927) discovered the liquid crystalline nature of cholesterol extracted from carrots (that is, two melting points and generation of colors) and published his findings. In 1904, Otto Lehmann published his work "Flüssige Kristalle" (Liquid Crystals). In 1911, Charles Mauguin first experimented with liquid crystals confined between plates in thin layers. In 1922, Georges Friedel described
6165-644: 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 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 ,
6302-710: The Wayback Machine ) with Wolfgang Helfrich and Martin Schadt (then working for the Central Research Laboratories) listed as inventors. Hoffmann-La Roche licensed the invention to Swiss manufacturer Brown, Boveri & Cie , its joint venture partner at that time, which produced TN displays for wristwatches and other applications during the 1970s for the international markets including the Japanese electronics industry, which soon produced
6439-781: The history of colonialism . The first multi-national corporations were founded to set up colonial "factories" or port cities. The two main examples were 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
6576-502: The "Alt & Pleshko" drive scheme). Driving such STN displays according to the Alt & Pleshko drive scheme require very high line addressing voltages. Welzen and de Vaan invented an alternative drive scheme (a non "Alt & Pleshko" drive scheme) requiring much lower voltages, such that the STN display could be driven using low voltage CMOS technologies. White-on-blue LCDs are STN and can use
6713-484: The 1970s and 80s, Casio was best known for its electronic (including scientific) calculators, electronic musical instruments and affordable digital watches incorporating innovative technology. Today, Casio is most commonly known for making durable and reliable electronic products. The G-Shock range of shock-resistant watches is also very popular, with the original 1983 G-Shock DW-5000C being highly sought-after by collectors. The scientific calculators made by Casio especially
6850-594: The CLASSWIZ series of calculators are known for being affordable while incorporating a host of functions as compared to their competitors. Casio also makes products for local markets, including "Prayer Compass" watch series designed to help Muslims pray on time and in the right direction. 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
6987-485: The CRT-based sets, leading to a worldwide energy saving of 600 TWh (2017), equal to 10% of the electricity consumption of all households worldwide or equal to 2 times the energy production of all solar cells in the world. A standard television receiver screen, a modern LCD panel, has over six million pixels, and they are all individually powered by a wire network embedded in the screen. The fine wires, or pathways, form
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#17327797977797124-463: The Dutch Philips company, called Videlec. Philips had the required know-how to design and build integrated circuits for the control of large LCD panels. In addition, Philips had better access to markets for electronic components and intended to use LCDs in new product generations of hi-fi, video equipment and telephones. In 1984, Philips researchers Theodorus Welzen and Adrianus de Vaan invented
7261-551: 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
7398-663: 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 the 19th century, such as the Rio Tinto company founded in 1873, which started with the purchase of sulfur and copper mines from
7535-575: 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
7672-409: The LC layer. Each pixel has its own dedicated transistor , allowing each column line to access one pixel. When a row line is selected, all of the column lines are connected to a row of pixels and voltages corresponding to the picture information are driven onto all of the column lines. The row line is then deactivated and the next row line is selected. All of the row lines are selected in sequence during
7809-539: The LCD industry. These six companies were fined 1.3 billion dollars by the United States, 650 million Euro by the European Union, and 350 million RMB by China's National Development and Reform Commission . In 2007 the image quality of LCD televisions surpassed the image quality of cathode-ray-tube-based (CRT) TVs. In the fourth quarter of 2007, LCD televisions surpassed CRT TVs in worldwide sales for
7946-511: 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
8083-558: 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,
8220-586: 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 the world market, jobs for locals, and business and profits for companies. Cecil Rhodes (1853–1902)
8357-464: 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
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#17327797977798494-636: 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
8631-557: The United Kingdom's Competition Act 1998 . Casio's products include watches , calculators , electronic keyboards and other digital products such as digital cameras ( Exilim series), film cameras , cash registers , laptops and sub-notebook computers, mobile phones , PDAs (E-Data Bank), electronic dictionaries , digital diaries (early PDAs), electronic games , personal computers (e.g. FP-1000, FP-200), computer printers , clocks , and portable televisions . In
8768-541: 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
8905-506: 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
9042-614: 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
9179-461: 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
9316-477: 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
9453-696: 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 was enabled by multinational corporations known as the 'Seven Sisters'. The "Seven Sisters" was a common term for
9590-629: 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
9727-641: The Videlec AG company based in Switzerland. Afterwards, Philips moved the Videlec production lines to the Netherlands. Years later, Philips successfully produced and marketed complete modules (consisting of the LCD screen, microphone, speakers etc.) in high-volume production for the booming mobile phone industry. The first color LCD televisions were developed as handheld televisions in Japan. In 1980, Hattori Seiko 's R&D group began development on color LCD pocket televisions. In 1982, Seiko Epson released
9864-456: 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
10001-401: The addressing method of these bistable displays is rather complex, a reason why these displays did not make it to the market. That changed when in the 2010 "zero-power" (bistable) LCDs became available. Potentially, passive-matrix addressing can be used with devices if their write/erase characteristics are suitable, which was the case for ebooks which need to show still pictures only. After a page
10138-407: The applied voltage is large enough, the liquid crystal molecules in the center of the layer are almost completely untwisted and the polarization of the incident light is not rotated as it passes through the liquid crystal layer. This light will then be mainly polarized perpendicular to the second filter, and thus be blocked and the pixel will appear black. By controlling the voltage applied across
10275-410: The backlight becomes red, and it turns OFF when the backlight becomes green. To make a segment appear black, the segment is always turned ON. An FSC LCD divides a color image into 3 images (one Red, one Green and one Blue) and it displays them in order. Due to persistence of vision , the 3 monochromatic images appear as one color image. An FSC LCD needs an LCD panel with a refresh rate of 180 Hz, and
10412-469: 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 ,
10549-622: The benefit of a steady electrical charge. As the number of pixels (and, correspondingly, columns and rows) increases, this type of display becomes less feasible. Slow response times and poor contrast are typical of passive-matrix addressed LCDs with too many pixels and driven according to the "Alt & Pleshko" drive scheme. Welzen and de Vaan also invented a non RMS drive scheme enabling to drive STN displays with video rates and enabling to show smooth moving video images on an STN display. Citizen, among others, licensed these patents and successfully introduced several STN based LCD pocket televisions on
10686-408: The black matrix material. Another color-generation method used in early color PDAs and some calculators was done by varying the voltage in a Super-twisted nematic LCD, where the variable twist between tighter-spaced plates causes a varying double refraction birefringence , thus changing the hue. They were typically restricted to 3 colors per pixel: orange, green, and blue. The optical effect of
10823-456: The central and more important innovations of the calculator was its adoption of the 10-key number pad; at that time other calculators were using a "full keypad", which meant that each place in the number (1s, 10s, 100s, etc. ...) had nine keys. Another distinguishing innovation was the use of a single display window instead of the three display windows (one for each argument and one for the answer) used in other calculators. Casio Computer Co., Ltd.
10960-742: 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
11097-654: 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
11234-703: The complex history of liquid-crystal displays from the perspective of an insider during the early days were described by Joseph A. Castellano in Liquid Gold: The Story of Liquid Crystal Displays and the Creation of an Industry . Another report on the origins and history of LCD from a different perspective until 1991 has been published by Hiroshi Kawamoto, available at the IEEE History Center. A description of Swiss contributions to LCD developments, written by Peter J. Wild , can be found at
11371-510: 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
11508-643: 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
11645-523: The debate from a neo-liberal perspective in Storm over the Multinationals (1977). Liquid-crystal display A liquid-crystal display ( LCD ) is a flat-panel display or other electronically modulated optical device that uses the light-modulating properties of liquid crystals combined with polarizers to display information. Liquid crystals do not emit light directly but instead use
11782-457: The dominant LCD designs through 2006. In the late 1990s, the LCD industry began shifting away from Japan, towards South Korea and Taiwan , and later on towards China. In this period, Taiwanese, Japanese, and Korean manufacturers were the dominant firms in LCD manufacturing. From 2001 to 2006, Samsung and five other major companies held 53 meetings in Taiwan and South Korea to fix prices in
11919-412: The driving circuitry from the borders of the display to in between the pixels, allowing for narrow bezels. In 2016, Panasonic developed IPS LCDs with a contrast ratio of 1,000,000:1, rivaling OLEDs. This technology was later put into mass production as dual layer, dual panel or LMCL (Light Modulating Cell Layer) LCDs. The technology uses 2 liquid crystal layers instead of one, and may be used along with
12056-413: The dynamic range of the display system (also marketed as HDR , high dynamic range television or FLAD , full-area local area dimming ). The LCD backlight systems are made highly efficient by applying optical films such as prismatic structure (prism sheet) to gain the light into the desired viewer directions and reflective polarizing films that recycle the polarized light that was formerly absorbed by
12193-481: 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
12330-596: The first LCD television, the Epson TV Watch, a wristwatch equipped with a small active-matrix LCD television. Sharp Corporation introduced dot matrix TN-LCD in 1983. In 1984, Epson released the ET-10, the first full-color, pocket LCD television. The same year, Citizen Watch , introduced the Citizen Pocket TV, a 2.7-inch color LCD TV, with the first commercial TFT LCD . In 1988, Sharp demonstrated
12467-417: The first consumer three-megapixel camera, the first true ultra-compact model, and the first digital camera to incorporate ceramic lens technology, using Lumicera . In July 2019, the company's UK arm, Casio Electronics Co. Ltd, was fined £3.7 million after admitting resale price maintenance (a form of price-fixing ) on their line of digital keyboards and digital pianos between 2013 and 2018, in breach of
12604-459: The first digital quartz wristwatches with TN-LCDs and numerous other products. James Fergason , while working with Sardari Arora and Alfred Saupe at Kent State University Liquid Crystal Institute , filed an identical patent in the United States on April 22, 1971. In 1971, the company of Fergason, ILIXCO (now LXD Incorporated ), produced LCDs based on the TN-effect, which soon superseded
12741-511: The first flat active-matrix liquid-crystal display (AM LCD) in 1974, and then Brody coined the term "active matrix" in 1975. In 1972 North American Rockwell Microelectronics Corp introduced the use of DSM LCDs for calculators for marketing by Lloyds Electronics Inc, though these required an internal light source for illumination. Sharp Corporation followed with DSM LCDs for pocket-sized calculators in 1973 and then mass-produced TN LCDs for watches in 1975. Other Japanese companies soon took
12878-413: The first major English language publication Molecular Structure and Properties of Liquid Crystals was published by Dr. George W. Gray . In 1962, Richard Williams of RCA found that liquid crystals had some interesting electro-optic characteristics and he realized an electro-optical effect by generating stripe patterns in a thin layer of liquid crystal material by the application of a voltage. This effect
13015-409: The first polarizer of the LCD (invented by Philips researchers Adrianus de Vaan and Paulus Schaareman), generally achieved using so called DBEF films manufactured and supplied by 3M. Improved versions of the prism sheet have a wavy rather than a prismatic structure, and introduce waves laterally into the structure of the sheet while also varying the height of the waves, directing even more light towards
13152-476: The first time. LCD TVs were projected to account 50% of the 200 million TVs to be shipped globally in 2006, according to Displaybank . In October 2011, Toshiba announced 2560 × 1600 pixels on a 6.1-inch (155 mm) LCD panel, suitable for use in a tablet computer , especially for Chinese character display. The 2010s also saw the wide adoption of TGP (Tracking Gate-line in Pixel), which moves
13289-416: 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
13426-415: 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
13563-478: The inventors worked, assigns these patents to Merck KGaA, Darmstadt, a supplier of LC substances. In 1992, shortly thereafter, engineers at Hitachi work out various practical details of the IPS technology to interconnect the thin-film transistor array as a matrix and to avoid undesirable stray fields in between pixels. The first wall-mountable LCD TV was introduced by Sharp Corporation in 1992. Hitachi also improved
13700-460: 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)
13837-587: The late 1960s, pioneering work on liquid crystals was undertaken by the UK's Royal Radar Establishment at Malvern , England. The team at RRE supported ongoing work by George William Gray and his team at the University of Hull who ultimately discovered the cyanobiphenyl liquid crystals, which had correct stability and temperature properties for application in LCDs. The idea of a TFT -based liquid-crystal display (LCD)
13974-463: The later years, Casio's wristwatches were fitted with receivers to synchronise with radio towers around the world and Global Positioning System for timekeeping accuracy. A number of notable digital camera innovations have also been made by Casio, including the QV-10, the first consumer digital camera with a liquid-crystal display (LCD) on the back (developed by a team led by Hiroyuki Suetaka in 1995),
14111-474: 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 ,
14248-705: The light of the backlight uniformly, while a mirror is placed behind the light guide plate to direct all light forwards. The prism sheet with its diffuser sheets are placed on top of the light guide plate. The DBEF polarizers consist of a large stack of uniaxial oriented birefringent films that reflect the former absorbed polarization mode of the light. DBEF polarizers using uniaxial oriented polymerized liquid crystals (birefringent polymers or birefringent glue) were invented in 1989 by Philips researchers Dirk Broer, Adrianus de Vaan and Joerg Brambring. The combination of such reflective polarizers, and LED dynamic backlight control make today's LCD televisions far more efficient than
14385-451: The liquid crystal layer in each pixel, light can be allowed to pass through in varying amounts thus constituting different levels of gray. The chemical formula of the liquid crystals used in LCDs may vary. Formulas may be patented. An example is a mixture of 2-(4-alkoxyphenyl)-5-alkylpyrimidine with cyanobiphenyl, patented by Merck and Sharp Corporation . The patent that covered that specific mixture has expired. Most color LCD systems use
14522-434: 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
14659-468: The market. Bistable LCDs do not require continuous refreshing. Rewriting is only required for picture information changes. In 1984 HA van Sprang and AJSM de Vaan invented an STN type display that could be operated in a bistable mode, enabling extremely high resolution images up to 4000 lines or more using only low voltages. Since a pixel may be either in an on-state or in an off state at the moment new information needs to be written to that particular pixel,
14796-480: 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
14933-476: The poor-quality DSM types due to improvements of lower operating voltages and lower power consumption. Tetsuro Hama and Izuhiko Nishimura of Seiko received a US patent dated February 1971, for an electronic wristwatch incorporating a TN-LCD. In 1972, the first wristwatch with TN-LCD was launched on the market: The Gruen Teletime which was a four digit display watch. In 1972, the concept of the active-matrix thin-film transistor (TFT) liquid-crystal display panel
15070-560: 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
15207-561: The prototypes developed by a Westinghouse team in 1972 were patented in 1976 by a team at Sharp consisting of Fumiaki Funada, Masataka Matsuura, and Tomio Wada, then improved in 1977 by a Sharp team consisting of Kohei Kishi, Hirosaku Nonomura, Keiichiro Shimizu, and Tomio Wada. However, these TFT-LCDs were not yet ready for use in products, as problems with the materials for the TFTs were not yet solved. In 1983, researchers at Brown, Boveri & Cie (BBC) Research Center, Switzerland , invented
15344-456: The quantum dots can have a special structure to improve their application onto the color filter. Quantum dot color filters offer superior light transmission over quantum dot enhancement films. In the 2020s, China became the largest manufacturer of LCDs and Chinese firms had a 40% share of the global market. Chinese firms that developed into world industry leaders included BOE Technology , TCL-CSOT, TIANMA, and Visionox. Local governments had
15481-611: 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
15618-535: The response time is reduced to just 5 milliseconds when compared with normal STN LCD panels which have a response time of 16 milliseconds. FSC LCDs contain a Chip-On-Glass driver IC can also be used with a capacitive touchscreen. This technique can also be applied in displays meant to show images, as it can offer higher light transmission and thus potential for reduced power consumption in the backlight due to omission of color filters in LCDs. Samsung introduced UFB (Ultra Fine & Bright) displays back in 2002, utilized
15755-508: The same technique, with color filters used to generate red, green, and blue subpixels. The LCD color filters are made with a photolithography process on large glass sheets that are later glued with other glass sheets containing a thin-film transistor (TFT) array, spacers and liquid crystal, creating several color LCDs that are then cut from one another and laminated with polarizer sheets. Red, green, blue and black colored photoresists (resists) are used to create color filters. All resists contain
15892-413: The screen and reducing aliasing or moiré between the structure of the prism sheet and the subpixels of the LCD. A wavy structure is easier to mass-produce than a prismatic one using conventional diamond machine tools, which are used to make the rollers used to imprint the wavy structure into plastic sheets, thus producing prism sheets. A diffuser sheet is placed on both sides of the prism sheet to distribute
16029-462: 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 the international oil market. Iran was unable to sell any of its oil. In August 1953,
16166-574: The structure and properties of liquid crystals and classified them in three types (nematics, smectics and cholesterics). In 1927, Vsevolod Frederiks devised the electrically switched light valve, called the Fréedericksz transition , the essential effect of all LCD technology. In 1936, the Marconi Wireless Telegraph company patented the first practical application of the technology, "The Liquid Crystal Light Valve" . In 1962,
16303-524: The super-birefringent effect. It has the luminance, color gamut, and most of the contrast of a TFT-LCD, but only consumes as much power as an STN display, according to Samsung. It was being used in a variety of Samsung cellular-telephone models produced until late 2006, when Samsung stopped producing UFB displays. UFB displays were also used in certain models of LG mobile phones. Twisted nematic displays contain liquid crystals that twist and untwist at varying degrees to allow light to pass through. When no voltage
16440-400: The switching of colors by field-induced realignment of dichroic dyes in a homeotropically oriented liquid crystal. Practical problems with this new electro-optical effect made Heilmeier continue to work on scattering effects in liquid crystals and finally the achievement of the first operational liquid-crystal display based on what he called the dynamic scattering mode (DSM). Application of
16577-459: 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 the strong influence of
16714-625: The various matrix addressing schemes see passive-matrix and active-matrix addressed LCDs . LCDs are manufactured in cleanrooms borrowing techniques from semiconductor manufacturing and using large sheets of glass whose size has increased over time. Several displays are manufactured at the same time, and then cut from the sheet of glass, also known as the mother glass or LCD glass substrate. The increase in size allows more displays or larger displays to be made, just like with increasing wafer sizes in semiconductor manufacturing. The glass sizes are as follows: Until Gen 8, manufacturers would not agree on
16851-499: The viewing angle dependence further by optimizing the shape of the electrodes ( Super IPS ). NEC and Hitachi become early manufacturers of active-matrix addressed LCDs based on the IPS technology. This is a milestone for implementing large-screen LCDs having acceptable visual performance for flat-panel computer monitors and television screens. In 1996, Samsung developed the optical patterning technique that enables multi-domain LCD. Multi-domain and In Plane Switching subsequently remain
16988-405: The wide variety and innovation of its wristwatches . It was one of the earliest manufacturers of quartz watches , both digital and analog. It also began selling calculator watches during this time. Casio also introduced one of the first watches that could display the time in many different time zones of the world and with features like recording temperature, atmospheric-pressure and altitude. In
17125-573: 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
17262-503: 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
17399-434: The yubiwa pipe to develop their calculators. Most of the calculators at that time worked using gears and could be operated by hand using a crank or using a motor (see adding machine ). Toshio possessed some knowledge of electronics and set out to make a calculator using solenoids . After dozens of prototypes were tested, the desk-sized calculator was finished in 1954 and was Japan's first electro-mechanical calculator. One of
17536-462: Was an early digital camera innovator, and during the 1980s and 1990s, the company developed numerous affordable home electronic keyboards for musicians along with introducing the first mass-produced digital watches. Casio was established as Kashio Seisakujo in April 1946 by Tadao Kashio [ ja ] (1917–1993), an engineer specializing in fabrication technology. Kashio's first major product
17673-441: Was conceived by Bernard Lechner of RCA Laboratories in 1968. Lechner, F.J. Marlowe, E.O. Nester and J. Tults demonstrated the concept in 1968 with an 18x2 matrix dynamic scattering mode (DSM) LCD that used standard discrete MOSFETs . On December 4, 1970, the twisted nematic field effect (TN) in liquid crystals was filed for patent by Hoffmann-LaRoche in Switzerland, ( Swiss patent No. 532 261 Archived March 9, 2021, at
17810-628: Was formed in June 1957. That year, Casio released the Model 14-A, sold for 485,000 yen , the first all-electric compact calculator, which was based on relay technology. In 1974, Casio released their first digital wristwatch, called the CASIOTRON. It was the first wristwatch in the world to include an automatic calendar function. In 1977, they released a retro-futuristic wristwatch, called the F100. The watch
17947-448: 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
18084-546: 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
18221-501: 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 was the world's largest oil producer. However, their reserves were declining due to high demand. Therefore,
18358-617: Was one of the first wristwatches in the world to be made primarily out of resin , making it very light compared to other companies' heavy metal-made watches and enabling future Casio watches to enter mass production more easily. In 1989, Casio released another important wristwatch; the F-91W , the most sold wristwatch in the world with an annual production of 3 million units. In the 1980s, Casio's budget electronic instruments and its line of affordable home electronic musical keyboard instruments became popular. The company also became well known for
18495-510: Was prototyped in the United States by T. Peter Brody 's team at Westinghouse , in Pittsburgh, Pennsylvania . In 1973, Brody, J. A. Asars and G. D. Dixon at Westinghouse Research Laboratories demonstrated the first thin-film-transistor liquid-crystal display (TFT LCD). As of 2013 , all modern high-resolution and high-quality electronic visual display devices use TFT-based active matrix displays. Brody and Fang-Chen Luo demonstrated
18632-521: Was the yubiwa pipe, a finger ring that would hold a cigarette , allowing the wearer to smoke the cigarette down to its nub while also leaving the wearer's hands free. Japan was impoverished immediately following World War II , so cigarettes were valuable, and the invention was a success. After seeing the electric calculators at the first Business Show in Ginza , Tokyo in 1949, Kashio and his younger brothers (Toshio, Kazuo, and Yukio) used their profits from
18769-557: Was to use interdigital electrodes on one glass substrate only to produce an electric field essentially parallel to the glass substrates. To take full advantage of the properties of this In Plane Switching (IPS) technology further work was needed. After thorough analysis, details of advantageous embodiments are filed in Germany by Guenter Baur et al. and patented in various countries. The Fraunhofer Institute ISE in Freiburg, where
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