The role and importance of TNCs and FDI in low-carbon development
Multinational (MNC) or transnational corporations (TNC) are enterprises that manage production or deliver services in more than one country. The International Labour Organization further specifies that an MNC is a corporation which has its management headquarters in one country (the “home country”) and operates in several other (“host”) countries. UNCTAD distinguishes financial from non-financial TNCs, because of the different economic functions of assets of financial firms and the non-availability of relevant data on sales and employment.