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The European Union and transnational corporations

In: Evolutionary Spatial Economics

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Abstract

The establishment of the European Economic Community (in 1957), as phase 1 in the integration process, stimulated transnational corporations (TNCs) from the United States to invest, locate and later expand activities in this region during the 1960s and 1970s. The implementation of the Single Market Programme (phase 2) and the completion of the Single European Market in 1993 were expected to increase investment of Japanese TNCs in the European Union (EU). However, the realisation of this expectation also depended, in part, on the evolution of tariffs and non-tariff barrierss in the EU. The establishment of the eurozone in 1999 as phase 3 might reinforce the attractiveness of the EU as a location for foreign direct investment. This expectation was initially supported by a relative decline in the value of the euro relative to the dollar in the first year of its operation, and the start of the Lisbon Agenda plan (2000_2010).

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  • ., 2020. "The European Union and transnational corporations," Chapters, in: Evolutionary Spatial Economics, chapter 25, pages 546-551, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:17213_25
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    Cited by:

    1. Eastmure, Elizabeth & Cummins, Steven & Sparks, Leigh, 2020. "Non-market strategy as a framework for exploring commercial involvement in health policy: A primer," Social Science & Medicine, Elsevier, vol. 262(C).
    2. Jakub Szczepkowski, 2022. "Marketing relacji w pracy brokera innowacji (Relationship Marketing in the Work of an Innovation Broker)," Research Reports, University of Warsaw, Faculty of Management, vol. 2(37), pages 48-56.
    3. Cui, Yuepeng & Xu, Hao & Zou, Fumin & Chen, Zhihui & Gong, Kuangmin, 2021. "Optimization based method to develop representative driving cycle for real-world fuel consumption estimation," Energy, Elsevier, vol. 235(C).
    4. Anastasiadou, Constantia & Pilcher, Nick & Gutu, Mavis & Panyik, Emese, 2023. "EU tourism and student identities in a pre-BREXIT UK," Annals of Tourism Research, Elsevier, vol. 99(C).
    5. Pangarkar, Aniruddha & Shukla, Paurav & Taylor, Charles R. “Ray”, 2021. "Minimalism in consumption: A typology and brand engagement strategies," Journal of Business Research, Elsevier, vol. 127(C), pages 167-178.

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    Keywords

    Economics and Finance; Geography;

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