Globalization Impact on Multinational Enterprises

Justine Kyove, Katerina Streltsova, Ufuoma Odibo and Giuseppe T. Cirella
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Justine Kyove: Faculty of Economics, University of Gdansk, 81-824 Sopot, Poland
Katerina Streltsova: Faculty of Economics, University of Gdansk, 81-824 Sopot, Poland
Ufuoma Odibo: Faculty of Economics, University of Gdansk, 81-824 Sopot, Poland

World, 2021, vol. 2, issue 2, 1-15

Abstract: The impact of globalization on multinational enterprises was examined from the years 1980 to 2020. A scoping literature review was conducted for a total of 141 articles. Qualitative, quantitative, and mixed typologies were categorized and conclusions were drawn regarding the influence and performance (i.e., positive or negative effects) of globalization. Developed countries show more saturated markets than developing countries that favor developing country multinational enterprises to rely heavily on foreign sales for revenue growth. Developed country multinationals are likely to use more advanced factors of production to create revenue, whereas developing country multinationals are more likely to use less advanced forms. A number of common trends and issues showed corporate social responsibility, emerging markets, political issues, and economic matters as key to global market production. Recommendations signal a strong need for more research that addresses contributive effects in the different economies, starting with the emerging to the developed. Limitations of data availability and inconsistency posed a challenge for this review, yet the use of operationalization, techniques, and analyses from the business literature enabled this study to be an excellent starting point for additional work in the field.

Keywords: global economics; multinational corporations; international business; foreign direct investment; sustainable development (search for similar items in EconPapers)
JEL-codes: G15 G17 G18 L21 L22 L25 L26 Q42 Q43 Q47 Q48 R51 R52 R58 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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