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International Corporations and Globalization

Rousska Dimova

Economic Thought journal, 2004, issue 4, 99-114

Abstract: This article clarifies the importance of the corporate way of global economic interdependence. Corporations are analyzed in the context of globalization theory. It is claimed that with globalization the importance of international corporations translates into the creation of a new economy. The changes in technological, managerial, production, financial, political and cultural principles for the development of corporate business are summed up. The institutional role of business is interpreted according to its modern global characteristics. Supported is the idea that business partnerships should be structured in various regional integrative communities, which create opportunities not only to cater for real economic interests, but also for the developmental goals in globalization. The existence of a real basis for the development of economic and social structures of global management without a global government is pointed out.

JEL-codes: F02 F23 (search for similar items in EconPapers)
Date: 2004
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