Sunday, July 30, 2023

American business firms global champions for now

The genesis of multinational enterprises (MNEs) dates from the early 160Os when the state trading companies, the English East India Company, and Vereenigde Oost-Indische Compagnie (VOC: 1602-1799) — United East India Company in English, but commonly known as the Dutch East India Company, adopted the shareholder model. China in particular preferred silver rather than European-produced goods in exchange for spices and tea, and the trading companies became leading Asian traders in opium — in effect drug cartels. Finfacts: First Modern Economy: Myths on tulips & most valuable firm in history.