This article is a taxonomy of a new field of interest to political scientists, namely the study of multinational corporations as political actors on the local, national and international level. It describes the interests and activities of the four major actors involved: parent companies, subsidiaries, investor countries, and host countries. The article bases itself in part on seven books which represent these various actors'perspectives, and suggests what kind of further research is needed to describe the cooperative and conflictual relations among them. The theoretical challenges presented by the multinationals are related in part to their dual character as economic and political actors, and in part to the fact that they integrate activities among various levels of political organization, thus cutting across traditional divisions of scholarly disciplines such as local, comparative and international politics, as well as economics, international business, and industrial relations.