The history of multinational corporations is closely intertwined the 
history of colonialism,
 with the first multinational corporations founded to undertake colonial
 expeditions at the behest of their European monarchical patrons.
[17] Prior to the era of 
New Imperialism,
 a majority European colonies not held by the Spanish and Portuguese 
crowns were administered by chartered multinational corporations.
[18] Examples of such corporations include the 
British East India Company,
[19] the 
Swedish Africa Company, and the 
Hudson’s Bay Company.
[20] These early corporations facilitated 
colonialism by engaging in 
international trade and exploration, and creating colonial 
trading posts.
[21] Many of these corporations, such as the 
South Australia Company and the 
Virginia Company, played a direct role in formal 
colonization by creating and maintaining settler 
colonies.
[21]
 Without exception these early corporations created differential 
economic outcomes between their home country and their colonies via a 
process of 
exploiting colonial resources and labour, and investing the resultant 
profits and net gain in the home country.
[22] The end result of this process was the enrichment of the colonizer and the impoverishment of the colonized.
[23] Some multinational corporations, such as the 
Royal African Company, were also responsible for the logistical component of the 
Atlantic slave trade,
[24]
 maintaining the ships and ports required for this vast enterprise. 
During the 19th century formal corporate rule over colonial holdings 
largely gave way to state-controlled colonies,
[25][26] however corporate control over colonial economic affairs persisted in a majority of colonies.
[21][25]
During the process of 
decolonization the European colonial 
charter companies were disbanded,
[21] with the final colonial corporation, the 
Mozambique Company, dissolving in 1972. However the economic impact of corporate colonial exploitation has proved to be lasting and far reaching,
[27] with some commentators asserting that this impact is among the chief causes of contemporary global 
income inequality.
[23]
Contemporary critics of multinational corporations have charged that 
some present day multinational corporations follow the pattern of 
exploitation and differential wealth distribution established by the now
 defunct colonial charter corporations, particularly with regards to 
corporations based in the developed world that operate resource 
extraction enterprises in the developing world,
[28] such as 
Royal Dutch Shell, and 
Barrick Gold.
 Some of these critics argue that the operations of multinational 
corporations in the developing world take place within the broader 
context of 
neocolonialism.
[29]
However, multinational corporations from emerging markets are playing
 an ever-greater role, increasingly impacting the global economy.
[3