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Transnational Company – Main Player of Economic Life Globalization

Author

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  • Voiculeþ Alina

    ("Constantin Brâncoveanu" University of Pite?ti)

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.

Suggested Citation

  • Voiculeþ Alina, 2014. "Transnational Company – Main Player of Economic Life Globalization," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 68-71, May.
    • Handle: RePEc:ovi:oviste:v:xiv:y:2014:i:1:p:68-71
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    More about this item

    Keywords

    globalization; transnationalization; internationalization; transnational company; foreign direct investment.;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F60 - International Economics - - Economic Impacts of Globalization - - - General

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