MULTINATIONALS AND THEIR INPUT TO THE ECONOMIC REVITALIZATION. ROMANIA CASE

Florin Erhan
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Florin Erhan: Academy of Economic Studies, Bucharest

Theoretical and Applied Economics, 2007, vol. 6(511)(supplement)(vol2), issue 6(511)(supplement)(vol2), 131-142

Abstract: The globalization of the last two decades has showed the world the economic power and the transformative valences of the transnational or multinational corporations, the decisive role of the Foreign Direct Investments (FDI), of the delocalized flows of capital and migration of workforce in the evolution of the national economies. This presentation wants to illustrate some aspects related to the multinationals, the pro and cons of their presence within the local areas, the national ones. Without exaggerating the “negative” effects, we must keep in mind that globalization “has not diminished poverty nor has it brought the stabilization of the economy” in any of the developing countries or of those passing through a time of transition. Moreover, one can easily demonstrate that “the market fanaticism”, that is the doctrine promoted by the International Monetary Fund at all costs – sometimes even by means of compulsion – intending for “the markets to lead to the economic efficiency spontaneously”, was profoundly corrupted, as Joseph Stiglitz also used to warn.

Keywords: globalization; TNC; global liderance; FDI; national strategy. (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:6(511)(supplement)(vol2):y:2007:i:6(511)(supplement)(vol2):p:131-142

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