OPEC cartel gaining market dominance, though oil MNCs continued to be profitable. In the late 1990s and early 2000s, there were numerous mergers in the global energy sector, resulting in the "super-major" integrated oil companies or Big Oil. These MNCs are among the largest and most-profitable companies.

Manufacturing

During the 1930s, about 80% of international investment by MNCs were in resource extraction (especially oil) and agriculture (rubber, tobacco, sugar,

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