Transnational Company – Main Player of Economic Life Globalization

Voiculeþ Alina ()
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Voiculeþ Alina: "Constantin Brâncoveanu" University of Pite?ti

Ovidius University Annals, Economic Sciences Series, 2014, vol. XIV, issue 1, 68-71

Abstract: Most often, when one speaks of world power, what is highlighted is the ability of a country or group of countries to impose its/their will on another country, either in a positive way by free acceptance, or in a negative way, by coercion or sanctions. Yet, under the current circumstances where the world economy is continuously globalizing, one cannot ignore the power held by "development agents", namely transnational companies. As it happens with all the issues existing in this world, transnational companies too are praised by some and criticized by others in their irresistible growth. The advocates of transnational companies believe they are a key component in the world economy, with a highly important and complex role in economic growth, in foreign trade improvement, in technical progress acceleration, in markets’ globalization and in the internationalization of manufacturing and technology.

Keywords: globalization; transnationalization; internationalization; transnational company; foreign direct investment. (search for similar items in EconPapers)
JEL-codes: F23 F60 (search for similar items in EconPapers)
Date: 2014
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