The Development of Transnational Companies under Big Umbrella of Globalization

Ungureanu Adrian, Varga Anca and Ungureanu Gabriela ()
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Ungureanu Adrian: “Spiru Haret” University of Bucharest, Faculty of MAEI
Varga Anca: “Spiru Haret” University of Bucharest, Faculty of MAEI
Ungureanu Gabriela: “Spiru Haret” University of Bucharest, Faculty of MAEI

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 2208-2212

Abstract: Currently, on international level, operates a variety of companies. From all of these, the transnational corporation represent particular interest, being designated as an "entity-key of global economic activity, a creative net worth to devote a large proportion of global resources needed to sustain economic growth processes. The new trend in the STN sites emphasize efforts to promote corporate social responsibility that contributes to change the attitude of many corporations and individuals working for them. Company efforts are visible in contributions to community development and environmental impact. Corporations want to impose their own standards of development which reflects some positive attitude towards regulations that support behavioral codes which they argue. Globalization has opened the way for limited progress, offered alternatives to local development, has generated deep changes, n dimensional complex with sometimes unpredictable consequences on economic development and socio-institutional

Keywords: globalization; transnational companies; social responsibilities; development (search for similar items in EconPapers)
JEL-codes: F23 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:11:y:2011:i:1:p:2208-2212

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