The Evolution of Transnational Corporations
Stage 1 – From 1895 to 1945, the emergence of oligopolies took place. An oligopoly is a large corporation that dominates the market. As these firms began to develop products, demand for those products came from other countries. At first, these companies tried to export to the overseas companies.
But, as export complications arose and cost began to rise, they began to open companies in those countries. This helped to introduce new technologies to new countries.