A multinacionális vállalatok szerepe a gazdaságban és a munkaerőpiacon

The Role of Multinational Companies in the Economy and the Labor Market

László Vértesy

MPRA Paper from University Library of Munich, Germany

Abstract: The role of multinational companies is significant in each of the national and thus in the global economy. The longstanding debate in the literature is whether the economic growth is more likely to be driven by the large-scale enterprises or small and medium-sized enterprises, especially if the high proportion of dependent, suppliers SMEs is taken into account. 45.6% of the value added by the Hungarian business sector - without financial sector - was generated by only 906 large companies. This ratio is one quarter of the country's total GDP and 10 percent just for the automotive industry. In its proportions it represents only 0.13% of enterprises, yet it employs 33.1% of employees (850.000 people) in the business sphere. The leverage and labor productivity of large and multinational companies are significant. In the EU's economic policy, the principle of growth that benefits everyone should be a decisive goal. The paper deals with the following topics: wages adjusted to the productivity level; sectoral domestic and EU minimum wages; stronger employee protection and trade union system; state and EU subsidies; dual product quality practices.

Keywords: multinational companies; economy; economic growth; labor market; subsidies; wages; minimum wages; productivity (search for similar items in EconPapers)
JEL-codes: E24 F43 J24 J31 (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-mac and nep-tra
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