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Globalization Of Business And Internationalization Of Companies And Their Impact On Company Management

Author

Listed:
  • Răducu Ștefan BRATU

    (University of Craiova, Faculty of Economics and Business Administration, Craiova, Romania)

Abstract

Over the past few years, globalization has become increasingly popular. In addition to having a theoretical significance, it is also a political and ideological slogan that mobilizes supporters and opponents for certain actions, not just in the sphere of politics, economics, or sociology. A key characteristic of the late 20th and early 21st century world economy is globalization. Despite having been slowed down or blocked in various ways, it has also been strengthened by global institutions that regulate economic activity in various ways. This activity gradually takes on the characteristics of a global strategy, first through regionalization, then more broadly. Several economic factors had an impact on the process of adaptation, including a change in the structure of the world market, the division of labor, and a change in the way “center” and “periphery” were defined. These factors gave birth to a global process that encompassed most countries, giving it a global character.

Suggested Citation

  • Răducu Ștefan BRATU, 2022. "Globalization Of Business And Internationalization Of Companies And Their Impact On Company Management," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(50), pages 39-47, December.
  • Handle: RePEc:aio:aucsse:v:2:y:2022:i:50:p:39-47
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    File URL: http://feaa.ucv.ro/annals/v2_2022/005.pdf
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    References listed on IDEAS

    as
    1. Cătălin Mihail BARBU & Răducu Ştefan BRATU & Elena Mădălina SÎRBU, 2018. "Business Models of the Sharing Economy," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 19(2), pages 154-166, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Globalization; business; internationalizations; company management; world economy;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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