Conclusion

Abstract

In Chapter 1, we saw that early development of the multinationals, which dates from the end of the nineteenth century, was not sustained. It was interrupted by the Russian Revolution and also by the two World Wars; later, it underwent profound transformations following the change in the world’s economy, as a result of the sharp rise in the prices of petroleum. The spread of multinationals, which was an essentially North American phenomenon after the Second World War, has become a world-wide phenomenon since the end of the sixties, originating primarily in the industrialized countries which are not only their home countries but also the countries in which they mostly invest.