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122-647: [REDACTED] Look up multinational in Wiktionary, the free dictionary. Multinational may refer to: Multinational corporation , a corporate organization operating in multiple countries Multinational force , a military body from multiple countries Multinational state , a sovereign state that comprises two or more nations See also [ edit ] International (disambiguation) Transnational (disambiguation) Supranational (disambiguation) Subnational (disambiguation) Topics referred to by

244-491: A precipitate of aluminium hydroxide , Al(OH) 3 , forms. This is useful for clarification of water, as the precipitate nucleates on suspended particles in the water, hence removing them. Increasing the pH even further leads to the hydroxide dissolving again as aluminate , [Al(H 2 O) 2 (OH) 4 ] , is formed. Aluminium hydroxide forms both salts and aluminates and dissolves in acid and alkali, as well as on fusion with acidic and basic oxides. This behavior of Al(OH) 3

366-525: A "less classical sound". This name persisted: although the -um spelling was occasionally used in Britain, the American scientific language used -ium from the start. Most scientists throughout the world used -ium in the 19th century; and it was entrenched in several other European languages, such as French , German , and Dutch . In 1828, an American lexicographer, Noah Webster , entered only

488-499: A Swedish chemist, Jöns Jacob Berzelius , in which the name aluminium is given to the element that would be synthesized from alum. (Another article in the same journal issue also refers to the metal whose oxide is the basis of sapphire , i.e. the same metal, as to aluminium .) A January 1811 summary of one of Davy's lectures at the Royal Society mentioned the name aluminium as a possibility. The next year, Davy published

610-766: 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

732-561: A chemistry textbook in which he used the spelling aluminum . Both spellings have coexisted since. Their usage is currently regional: aluminum dominates in the United States and Canada; aluminium is prevalent in the rest of the English-speaking world. In 1812, British scientist Thomas Young wrote an anonymous review of Davy's book, in which he proposed the name aluminium instead of aluminum , which he thought had

854-508: 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

976-429: 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

1098-490: 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

1220-441: A probable cause for it being soft with a low melting point and low electrical resistivity . Aluminium metal has an appearance ranging from silvery white to dull gray depending on its surface roughness . Aluminium mirrors are the most reflective of all metal mirrors for near ultraviolet and far infrared light. It is also one of the most reflective for light in the visible spectrum, nearly on par with silver in this respect, and

1342-683: A process termed passivation . Because of its general resistance to corrosion, aluminium is one of the few metals that retains silvery reflectance in finely powdered form, making it an important component of silver-colored paints. Aluminium is not attacked by oxidizing acids because of its passivation. This allows aluminium to be used to store reagents such as nitric acid , concentrated sulfuric acid , and some organic acids. In hot concentrated hydrochloric acid , aluminium reacts with water with evolution of hydrogen, and in aqueous sodium hydroxide or potassium hydroxide at room temperature to form aluminates —protective passivation under these conditions

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1464-525: A refractory material, and in ceramics , as well as being the starting material for the electrolytic production of aluminium. Sapphire and ruby are impure corundum contaminated with trace amounts of other metals. The two main oxide-hydroxides, AlO(OH), are boehmite and diaspore . There are three main trihydroxides: bayerite , gibbsite , and nordstrandite , which differ in their crystalline structure ( polymorphs ). Many other intermediate and related structures are also known. Most are produced from ores by

1586-474: A stable noble gas configuration. Accordingly, the combined first three ionization energies of aluminium are far lower than the fourth ionization energy alone. Such an electron configuration is shared with the other well-characterized members of its group, boron , gallium , indium , and thallium ; it is also expected for nihonium . Aluminium can surrender its three outermost electrons in many chemical reactions (see below ). The electronegativity of aluminium

1708-820: A variety of wet processes using acid and base. Heating the hydroxides leads to formation of corundum. These materials are of central importance to the production of aluminium and are themselves extremely useful. Some mixed oxide phases are also very useful, such as spinel (MgAl 2 O 4 ), Na-β-alumina (NaAl 11 O 17 ), and tricalcium aluminate (Ca 3 Al 2 O 6 , an important mineral phase in Portland cement ). The only stable chalcogenides under normal conditions are aluminium sulfide (Al 2 S 3 ), selenide (Al 2 Se 3 ), and telluride (Al 2 Te 3 ). All three are prepared by direct reaction of their elements at about 1,000 °C (1,800 °F) and quickly hydrolyze completely in water to yield aluminium hydroxide and

1830-575: A way of purifying bauxite to yield alumina, now known as the Bayer process , in 1889. Modern production of aluminium is based on the Bayer and Hall–Héroult processes. As large-scale production caused aluminium prices to drop, the metal became widely used in jewelry, eyeglass frames, optical instruments, tableware, and foil , and other everyday items in the 1890s and early 20th century. Aluminium's ability to form hard yet light alloys with other metals provided

1952-734: Is Al : while it was present along with stable Al in the interstellar medium from which the Solar System formed, having been produced by stellar nucleosynthesis as well, its half-life is only 717,000 years and therefore a detectable amount has not survived since the formation of the planet. However, minute traces of Al are produced from argon in the atmosphere by spallation caused by cosmic ray protons. The ratio of Al to Be has been used for radiodating of geological processes over 10 to 10  year time scales, in particular transport, deposition, sediment storage, burial times, and erosion. Most meteorite scientists believe that

2074-434: Is Al. Al was present in the early Solar System with abundance of 0.005% relative to Al but its half-life of 728,000 years is too short for any original nuclei to survive; Al is therefore extinct . Unlike for Al, hydrogen burning is the primary source of Al, with the nuclide emerging after a nucleus of Mg catches a free proton. However, the trace quantities of Al that do exist are the most common gamma ray emitter in

2196-407: Is paramagnetic and thus essentially unaffected by static magnetic fields. The high electrical conductivity, however, means that it is strongly affected by alternating magnetic fields through the induction of eddy currents . Aluminium combines characteristics of pre- and post-transition metals. Since it has few available electrons for metallic bonding, like its heavier group 13 congeners, it has

2318-483: Is 1.61 (Pauling scale). A free aluminium atom has a radius of 143  pm . With the three outermost electrons removed, the radius shrinks to 39 pm for a 4-coordinated atom or 53.5 pm for a 6-coordinated atom. At standard temperature and pressure , aluminium atoms (when not affected by atoms of other elements) form a face-centered cubic crystal system bound by metallic bonding provided by atoms' outermost electrons; hence aluminium (at these conditions)

2440-418: Is a post-transition metal in the boron group ; as is common for the group, aluminium forms compounds primarily in the +3 oxidation state . The aluminium cation Al is small and highly charged ; as such, it has more polarizing power , and bonds formed by aluminium have a more covalent character. The strong affinity of aluminium for oxygen leads to the common occurrence of its oxides in nature. Aluminium

2562-548: Is a metal. This crystal system is shared by many other metals, such as lead and copper ; the size of a unit cell of aluminium is comparable to that of those other metals. The system, however, is not shared by the other members of its group: boron has ionization energies too high to allow metallization, thallium has a hexagonal close-packed structure, and gallium and indium have unusual structures that are not close-packed like those of aluminium and thallium. The few electrons that are available for metallic bonding in aluminium are

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2684-522: Is almost never found in the elemental state; instead it is found in oxides or silicates. Feldspars , the most common group of minerals in the Earth's crust, are aluminosilicates. Aluminium also occurs in the minerals beryl , cryolite , garnet , spinel , and turquoise . Impurities in Al 2 O 3 , such as chromium and iron , yield the gemstones ruby and sapphire , respectively. Native aluminium metal

2806-405: Is also easily machined and cast . Aluminium is an excellent thermal and electrical conductor , having around 60% the conductivity of copper , both thermal and electrical, while having only 30% of copper's density. Aluminium is capable of superconductivity , with a superconducting critical temperature of 1.2 kelvin and a critical magnetic field of about 100 gauss (10 milliteslas ). It

2928-500: Is different from Wikidata All article disambiguation pages All disambiguation pages 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

3050-553: Is extremely rare and can only be found as a minor phase in low oxygen fugacity environments, such as the interiors of certain volcanoes. Native aluminium has been reported in cold seeps in the northeastern continental slope of the South China Sea . It is possible that these deposits resulted from bacterial reduction of tetrahydroxoaluminate Al(OH) 4 . Although aluminium is a common and widespread element, not all aluminium minerals are economically viable sources of

3172-438: Is found on Earth primarily in rocks in the crust , where it is the third-most abundant element , after oxygen and silicon , rather than in the mantle , and virtually never as the free metal . It is obtained industrially by mining bauxite , a sedimentary rock rich in aluminium minerals. The discovery of aluminium was announced in 1825 by Danish physicist Hans Christian Ørsted . The first industrial production of aluminium

3294-536: Is greatly reduced by aqueous salts, particularly in the presence of dissimilar metals. Aluminium reacts with most nonmetals upon heating, forming compounds such as aluminium nitride (AlN), aluminium sulfide (Al 2 S 3 ), and the aluminium halides (AlX 3 ). It also forms a wide range of intermetallic compounds involving metals from every group on the periodic table. The vast majority of compounds, including all aluminium-containing minerals and all commercially significant aluminium compounds, feature aluminium in

3416-492: Is in fact more basic than that of gallium. Aluminium also bears minor similarities to the metalloid boron in the same group: AlX 3 compounds are valence isoelectronic to BX 3 compounds (they have the same valence electronic structure), and both behave as Lewis acids and readily form adducts . Additionally, one of the main motifs of boron chemistry is regular icosahedral structures, and aluminium forms an important part of many icosahedral quasicrystal alloys, including

3538-500: Is negligible. Aqua regia also dissolves aluminium. Aluminium is corroded by dissolved chlorides , such as common sodium chloride , which is why household plumbing is never made from aluminium. The oxide layer on aluminium is also destroyed by contact with mercury due to amalgamation or with salts of some electropositive metals. As such, the strongest aluminium alloys are less corrosion-resistant due to galvanic reactions with alloyed copper , and aluminium's corrosion resistance

3660-521: Is not as important. It is a polymer with the formula (AlH 3 ) n , in contrast to the corresponding boron hydride that is a dimer with the formula (BH 3 ) 2 . Aluminium's per-particle abundance in the Solar System is 3.15 ppm (parts per million). It is the twelfth most abundant of all elements and third most abundant among the elements that have odd atomic numbers, after hydrogen and nitrogen. The only stable isotope of aluminium, Al,

3782-410: 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

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3904-416: Is quite soft and lacking in strength. In most applications various aluminium alloys are used instead because of their higher strength and hardness. The yield strength of pure aluminium is 7–11 MPa , while aluminium alloys have yield strengths ranging from 200 MPa to 600 MPa. Aluminium is ductile , with a percent elongation of 50-70%, and malleable allowing it to be easily drawn and extruded . It

4026-422: Is surrounded by six fluorine atoms in a distorted octahedral arrangement, with each fluorine atom being shared between the corners of two octahedra. Such {AlF 6 } units also exist in complex fluorides such as cryolite , Na 3 AlF 6 . AlF 3 melts at 1,290 °C (2,354 °F) and is made by reaction of aluminium oxide with hydrogen fluoride gas at 700 °C (1,300 °F). With heavier halides,

4148-547: Is termed amphoterism and is characteristic of weakly basic cations that form insoluble hydroxides and whose hydrated species can also donate their protons. One effect of this is that aluminium salts with weak acids are hydrolyzed in water to the aquated hydroxide and the corresponding nonmetal hydride: for example, aluminium sulfide yields hydrogen sulfide . However, some salts like aluminium carbonate exist in aqueous solution but are unstable as such; and only incomplete hydrolysis takes place for salts with strong acids, such as

4270-416: Is that of the preceding noble gas , whereas those of its heavier congeners gallium , indium , thallium , and nihonium also include a filled d-subshell and in some cases a filled f-subshell. Hence, the inner electrons of aluminium shield the valence electrons almost completely, unlike those of aluminium's heavier congeners. As such, aluminium is the most electropositive metal in its group, and its hydroxide

4392-433: Is the eighteenth most abundant nucleus in the universe. It is created almost entirely after fusion of carbon in massive stars that will later become Type II supernovas : this fusion creates Mg, which upon capturing free protons and neutrons, becomes aluminium. Some smaller quantities of Al are created in hydrogen burning shells of evolved stars, where Mg can capture free protons. Essentially all aluminium now in existence

4514-865: 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

4636-411: Is well tolerated by plants and animals. Because of the abundance of these salts, the potential for a biological role for them is of interest, and studies are ongoing. Of aluminium isotopes, only Al is stable. This situation is common for elements with an odd atomic number. It is the only primordial aluminium isotope, i.e. the only one that has existed on Earth in its current form since

4758-980: 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

4880-455: The Friedel–Crafts reactions . Aluminium trichloride has major industrial uses involving this reaction, such as in the manufacture of anthraquinones and styrene ; it is also often used as the precursor for many other aluminium compounds and as a reagent for converting nonmetal fluorides into the corresponding chlorides (a transhalogenation reaction ). Aluminium forms one stable oxide with

5002-475: The London Metal Exchange , the oldest industrial metal exchange in the world, in 1978. The output continued to grow: the annual production of aluminium exceeded 50,000,000 metric tons in 2013. The real price for aluminium declined from $ 14,000 per metric ton in 1900 to $ 2,340 in 1948 (in 1998 United States dollars). Extraction and processing costs were lowered over technological progress and

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5124-475: The aluminum spelling in his American Dictionary of the English Language . In the 1830s, the -um spelling gained usage in the United States; by the 1860s, it had become the more common spelling there outside science. In 1892, Hall used the -um spelling in his advertising handbill for his new electrolytic method of producing the metal, despite his constant use of the -ium spelling in all

5246-423: The chemical formula Al 2 O 3 , commonly called alumina . It can be found in nature in the mineral corundum , α-alumina; there is also a γ-alumina phase. Its crystalline form, corundum, is very hard ( Mohs hardness 9), has a high melting point of 2,045 °C (3,713 °F), has very low volatility, is chemically inert, and a good electrical insulator, it is often used in abrasives (such as toothpaste), as

5368-551: The interstellar gas ; if the original Al were still present, gamma ray maps of the Milky Way would be brighter. Overall, the Earth is about 1.59% aluminium by mass (seventh in abundance by mass). Aluminium occurs in greater proportion in the Earth's crust than in the universe at large. This is because aluminium easily forms the oxide and becomes bound into rocks and stays in the Earth's crust , while less reactive metals sink to

5490-670: 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

5612-526: The 5th century BCE. The ancients are known to have used alum as a dyeing mordant and for city defense. After the Crusades , alum, an indispensable good in the European fabric industry, was a subject of international commerce; it was imported to Europe from the eastern Mediterranean until the mid-15th century. The nature of alum remained unknown. Around 1530, Swiss physician Paracelsus suggested alum

5734-472: The Al–Zn–Mg class. Aluminium has a high chemical affinity to oxygen, which renders it suitable for use as a reducing agent in the thermite reaction. A fine powder of aluminium reacts explosively on contact with liquid oxygen ; under normal conditions, however, aluminium forms a thin oxide layer (~5 nm at room temperature) that protects the metal from further corrosion by oxygen, water, or dilute acid,

5856-551: 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

5978-575: 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

6100-511: 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

6222-558: 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,

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6344-464: 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

6466-636: 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

6588-541: 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

6710-506: 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

6832-614: 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

6954-418: The United States dollar, and alumina prices. The BRIC countries' combined share in primary production and primary consumption grew substantially in the first decade of the 21st century. China is accumulating an especially large share of the world's production thanks to an abundance of resources, cheap energy, and governmental stimuli; it also increased its consumption share from 2% in 1972 to 40% in 2010. In

7076-461: 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

7198-629: 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

7320-514: The United States, Western Europe, and Japan, most aluminium was consumed in transportation, engineering, construction, and packaging. In 2021, prices for industrial metals such as aluminium have soared to near-record levels as energy shortages in China drive up costs for electricity. The names aluminium and aluminum are derived from the word alumine , an obsolete term for alumina , the primary naturally occurring oxide of aluminium . Alumine

7442-655: 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

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7564-507: 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

7686-578: The aluminium atoms have tetrahedral four-coordination and the other half have trigonal bipyramidal five-coordination. Four pnictides – aluminium nitride (AlN), aluminium phosphide (AlP), aluminium arsenide (AlAs), and aluminium antimonide (AlSb) – are known. They are all III-V semiconductors isoelectronic to silicon and germanium , all of which but AlN have the zinc blende structure. All four can be made by high-temperature (and possibly high-pressure) direct reaction of their component elements. Aluminium alloys well with most other metals (with

7808-469: 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 ,

7930-436: The characteristic physical properties of a post-transition metal, with longer-than-expected interatomic distances. Furthermore, as Al is a small and highly charged cation, it is strongly polarizing and bonding in aluminium compounds tends towards covalency ; this behavior is similar to that of beryllium (Be ), and the two display an example of a diagonal relationship . The underlying core under aluminium's valence shell

8052-742: 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

8174-654: 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

8296-510: 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

8418-419: The coordination numbers are lower. The other trihalides are dimeric or polymeric with tetrahedral four-coordinate aluminium centers. Aluminium trichloride (AlCl 3 ) has a layered polymeric structure below its melting point of 192.4 °C (378 °F) but transforms on melting to Al 2 Cl 6 dimers. At higher temperatures those increasingly dissociate into trigonal planar AlCl 3 monomers similar to

8540-428: The core. In the Earth's crust, aluminium is the most abundant metallic element (8.23% by mass ) and the third most abundant of all elements (after oxygen and silicon). A large number of silicates in the Earth's crust contain aluminium. In contrast, the Earth's mantle is only 2.38% aluminium by mass. Aluminium also occurs in seawater at a concentration of 2 μg/kg. Because of its strong affinity for oxygen, aluminium

8662-643: 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

8784-617: The debate from a neo-liberal perspective in Storm over the Multinationals (1977). Aluminum Aluminium (or aluminum in North American English ) is a chemical element ; it has symbol   Al and atomic number  13. Aluminium has a density lower than that of other common metals , about one-third that of steel . It has a great affinity towards oxygen , forming a protective layer of oxide on

8906-497: The energy released by the decay of Al was responsible for the melting and differentiation of some asteroids after their formation 4.55 billion years ago. The remaining isotopes of aluminium, with mass numbers ranging from 21 to 43, all have half-lives well under an hour. Three metastable states are known, all with half-lives under a minute. An aluminium atom has 13 electrons, arranged in an electron configuration of [ Ne ] 3s 3p , with three electrons beyond

9028-478: The exception of most alkali metals and group 13 metals) and over 150 intermetallics with other metals are known. Preparation involves heating fixed metals together in certain proportion, followed by gradual cooling and annealing . Bonding in them is predominantly metallic and the crystal structure primarily depends on efficiency of packing. There are few compounds with lower oxidation states. A few aluminium(I) compounds exist: AlF, AlCl, AlBr, and AlI exist in

9150-520: The fact that its nuclei are much lighter, while difference in the unit cell size does not compensate for this difference. The only lighter metals are the metals of groups 1 and 2 , which apart from beryllium and magnesium are too reactive for structural use (and beryllium is very toxic). Aluminium is not as strong or stiff as steel, but the low density makes up for this in the aerospace industry and for many other applications where light weight and relatively high strength are crucial. Pure aluminium

9272-481: 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

9394-442: The formation of the planet. It is therefore a mononuclidic element and its standard atomic weight is virtually the same as that of the isotope. This makes aluminium very useful in nuclear magnetic resonance (NMR), as its single stable isotope has a high NMR sensitivity. The standard atomic weight of aluminium is low in comparison with many other metals. All other isotopes of aluminium are radioactive . The most stable of these

9516-730: The gas phase after explosion and in stellar absorption spectra. More thoroughly investigated are compounds of the formula R 4 Al 2 which contain an Al–Al bond and where R is a large organic ligand . A variety of compounds of empirical formula AlR 3 and AlR 1.5 Cl 1.5 exist. The aluminium trialkyls and triaryls are reactive, volatile, and colorless liquids or low-melting solids. They catch fire spontaneously in air and react with water, thus necessitating precautions when handling them. They often form dimers, unlike their boron analogues, but this tendency diminishes for branched-chain alkyls (e.g. Pr , Bu , Me 3 CCH 2 ); for example, triisobutylaluminium exists as an equilibrium mixture of

9638-453: The gaseous phase when the respective trihalide is heated with aluminium, and at cryogenic temperatures. A stable derivative of aluminium monoiodide is the cyclic adduct formed with triethylamine , Al 4 I 4 (NEt 3 ) 4 . Al 2 O and Al 2 S also exist but are very unstable. Very simple aluminium(II) compounds are invoked or observed in the reactions of Al metal with oxidants. For example, aluminium monoxide , AlO, has been detected in

9760-646: The halides, nitrate , and sulfate . For similar reasons, anhydrous aluminium salts cannot be made by heating their "hydrates": hydrated aluminium chloride is in fact not AlCl 3 ·6H 2 O but [Al(H 2 O) 6 ]Cl 3 , and the Al–O bonds are so strong that heating is not sufficient to break them and form Al–Cl bonds instead: All four trihalides are well known. Unlike the structures of the three heavier trihalides, aluminium fluoride (AlF 3 ) features six-coordinate aluminium, which explains its involatility and insolubility as well as high heat of formation . Each aluminium atom

9882-416: 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

10004-576: 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

10126-415: 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

10248-460: 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)

10370-474: 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 ,

10492-433: The low-pressure polymerization of ethene and propene . There are also some heterocyclic and cluster organoaluminium compounds involving Al–N bonds. The industrially most important aluminium hydride is lithium aluminium hydride (LiAlH 4 ), which is used as a reducing agent in organic chemistry . It can be produced from lithium hydride and aluminium trichloride . The simplest hydride, aluminium hydride or alane,

10614-494: 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

10736-543: 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

10858-529: The metal remained rare; its cost exceeded that of gold. The first industrial production of aluminium was established in 1856 by French chemist Henri Etienne Sainte-Claire Deville and companions. Deville had discovered that aluminium trichloride could be reduced by sodium, which was more convenient and less expensive than potassium, which Wöhler had used. Even then, aluminium was still not of great purity and produced aluminium differed in properties by sample. Because of its electricity-conducting capacity, aluminium

10980-600: The metal to be isolated from alum was alumium , which Davy suggested in an 1808 article on his electrochemical research, published in Philosophical Transactions of the Royal Society . It appeared that the name was created from the English word alum and the Latin suffix -ium ; but it was customary then to give elements names originating in Latin, so this name was not adopted universally. This name

11102-465: The metal with many uses at the time. During World War I , major governments demanded large shipments of aluminium for light strong airframes; during World War II , demand by major governments for aviation was even higher. By the mid-20th century, aluminium had become a part of everyday life and an essential component of housewares. In 1954, production of aluminium surpassed that of copper , historically second in production only to iron, making it

11224-491: The metal. Almost all metallic aluminium is produced from the ore bauxite (AlO x (OH) 3–2 x ). Bauxite occurs as a weathering product of low iron and silica bedrock in tropical climatic conditions. In 2017, most bauxite was mined in Australia, China, Guinea, and India. The history of aluminium has been shaped by usage of alum . The first written record of alum, made by Greek historian Herodotus , dates back to

11346-485: The monomer and dimer. These dimers, such as trimethylaluminium (Al 2 Me 6 ), usually feature tetrahedral Al centers formed by dimerization with some alkyl group bridging between both aluminium atoms. They are hard acids and react readily with ligands, forming adducts. In industry, they are mostly used in alkene insertion reactions, as discovered by Karl Ziegler , most importantly in "growth reactions" that form long-chain unbranched primary alkenes and alcohols, and in

11468-506: The most produced non-ferrous metal . During the mid-20th century, aluminium emerged as a civil engineering material, with building applications in both basic construction and interior finish work, and increasingly being used in military engineering, for both airplanes and land armor vehicle engines. Earth's first artificial satellite , launched in 1957, consisted of two separate aluminium semi-spheres joined and all subsequent space vehicles have used aluminium to some extent. The aluminium can

11590-614: The next decade, the -um spelling dominated American usage. In 1925, the American Chemical Society adopted this spelling. The International Union of Pure and Applied Chemistry (IUPAC) adopted aluminium as the standard international name for the element in 1990. In 1993, they recognized aluminum as an acceptable variant; the most recent 2005 edition of the IUPAC nomenclature of inorganic chemistry also acknowledges this spelling. IUPAC official publications use

11712-407: The oxidation state 3+. The coordination number of such compounds varies, but generally Al is either six- or four-coordinate. Almost all compounds of aluminium(III) are colorless. In aqueous solution, Al exists as the hexaaqua cation [Al(H 2 O) 6 ] , which has an approximate K a of 10 . Such solutions are acidic as this cation can act as a proton donor and progressively hydrolyze until

11834-460: The patents he filed between 1886 and 1903. It is unknown whether this spelling was introduced by mistake or intentionally, but Hall preferred aluminum since its introduction because it resembled platinum , the name of a prestigious metal. By 1890, both spellings had been common in the United States, the -ium spelling being slightly more common; by 1895, the situation had reversed; by 1900, aluminum had become twice as common as aluminium ; in

11956-560: 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

12078-611: 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

12200-423: The respective hydrogen chalcogenide . As aluminium is a small atom relative to these chalcogens, these have four-coordinate tetrahedral aluminium with various polymorphs having structures related to wurtzite , with two-thirds of the possible metal sites occupied either in an orderly (α) or random (β) fashion; the sulfide also has a γ form related to γ-alumina, and an unusual high-temperature hexagonal form where half

12322-422: The same term [REDACTED] This disambiguation page lists articles associated with the title Multinational . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Multinational&oldid=902339138 " Category : Disambiguation pages Hidden categories: Short description

12444-485: The scale of the economies. However, the need to exploit lower-grade poorer quality deposits and the use of fast increasing input costs (above all, energy) increased the net cost of aluminium; the real price began to grow in the 1970s with the rise of energy cost. Production moved from the industrialized countries to countries where production was cheaper. Production costs in the late 20th century changed because of advances in technology, lower energy prices, exchange rates of

12566-501: 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

12688-408: The structure of BCl 3 . Aluminium tribromide and aluminium triiodide form Al 2 X 6 dimers in all three phases and hence do not show such significant changes of properties upon phase change. These materials are prepared by treating aluminium with the halogen. The aluminium trihalides form many addition compounds or complexes; their Lewis acidic nature makes them useful as catalysts for

12810-401: The surface when exposed to air. Aluminium visually resembles silver , both in its color and in its great ability to reflect light. It is soft, nonmagnetic , and ductile . It has one stable isotope, Al, which is highly abundant, making aluminium the twelfth-most common element in the universe. The radioactivity of Al leads to it being used in radiometric dating . Chemically, aluminium

12932-536: The two therefore look similar. Aluminium is also good at reflecting solar radiation , although prolonged exposure to sunlight in air adds wear to the surface of the metal; this may be prevented if aluminium is anodized , which adds a protective layer of oxide on the surface. The density of aluminium is 2.70 g/cm , about 1/3 that of steel, much lower than other commonly encountered metals, making aluminium parts easily identifiable through their lightness. Aluminium's low density compared to most other metals arises from

13054-496: 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

13176-573: 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

13298-503: 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

13420-421: Was a crucial strategic resource for aviation . In 1954, aluminium became the most produced non-ferrous metal , surpassing copper . In the 21st century, most aluminium was consumed in transportation, engineering, construction, and packaging in the United States, Western Europe, and Japan. Despite its prevalence in the environment, no living organism is known to metabolize aluminium salts , but this aluminium

13542-461: Was a salt of an earth of alum. In 1595, German doctor and chemist Andreas Libavius experimentally confirmed this. In 1722, German chemist Friedrich Hoffmann announced his belief that the base of alum was a distinct earth. In 1754, German chemist Andreas Sigismund Marggraf synthesized alumina by boiling clay in sulfuric acid and subsequently adding potash . Attempts to produce aluminium date back to 1760. The first successful attempt, however,

13664-494: Was borrowed from French, which in turn derived it from alumen , the classical Latin name for alum , the mineral from which it was collected. The Latin word alumen stems from the Proto-Indo-European root *alu- meaning "bitter" or "beer". British chemist Humphry Davy , who performed a number of experiments aimed to isolate the metal, is credited as the person who named the element. The first name proposed for

13786-422: Was completed in 1824 by Danish physicist and chemist Hans Christian Ørsted . He reacted anhydrous aluminium chloride with potassium amalgam , yielding a lump of metal looking similar to tin. He presented his results and demonstrated a sample of the new metal in 1825. In 1827, German chemist Friedrich Wöhler repeated Ørsted's experiments but did not identify any aluminium. (The reason for this inconsistency

13908-496: Was criticized by contemporary chemists from France, Germany, and Sweden, who insisted the metal should be named for the oxide, alumina, from which it would be isolated. The English name alum does not come directly from Latin, whereas alumine / alumina obviously comes from the Latin word alumen (upon declension , alumen changes to alumin- ). One example was Essai sur la Nomenclature chimique (July 1811), written in French by

14030-438: 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

14152-448: 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

14274-571: Was initiated by French chemist Henri Étienne Sainte-Claire Deville in 1856. Aluminium became much more available to the public with the Hall–Héroult process developed independently by French engineer Paul Héroult and American engineer Charles Martin Hall in 1886, and the mass production of aluminium led to its extensive use in industry and everyday life. In the First and Second World Wars, aluminium

14396-418: Was invented in 1956 and employed as a storage for drinks in 1958. Throughout the 20th century, the production of aluminium rose rapidly: while the world production of aluminium in 1900 was 6,800 metric tons, the annual production first exceeded 100,000 metric tons in 1916; 1,000,000 tons in 1941; 10,000,000 tons in 1971. In the 1970s, the increased demand for aluminium made it an exchange commodity; it entered

14518-546: 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

14640-433: Was only discovered in 1921.) He conducted a similar experiment in the same year by mixing anhydrous aluminium chloride with potassium and produced a powder of aluminium. In 1845, he was able to produce small pieces of the metal and described some physical properties of this metal. For many years thereafter, Wöhler was credited as the discoverer of aluminium. As Wöhler's method could not yield great quantities of aluminium,

14762-513: 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

14884-580: Was used as the cap of the Washington Monument , completed in 1885. The tallest building in the world at the time, the non-corroding metal cap was intended to serve as a lightning rod peak. The first industrial large-scale production method was independently developed in 1886 by French engineer Paul Héroult and American engineer Charles Martin Hall ; it is now known as the Hall–Héroult process . The Hall–Héroult process converts alumina into metal. Austrian chemist Carl Joseph Bayer discovered

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