Guiding Marks of the Development of Transnational Companies
AbstractTNCs are not new actors of the stage of international economical picture. Even since XVIIIth and XIXth centuries, the private firms have been constituting the link between the producers and the consumers from different countries of the world. They have become a main actor in the international business world since the second half of the XXth century, this period, in assemble, will be characterized through continuous development of all types of commercial and investments activities, being distinguished three stages. The first, until 1960, was characterized by increasing foreign capital implied in direct investments and increasing the number of main affiliates of the principal multinational enterprises. The second (1970-1985), when a series of European countries were identified as important international investors, Japan and other developing countries.The third (1985 - present) will be characterized by opening new territories to productive foreign enterprises, deregulation of international markets, registration of some important progresses in the process of regional economical integration, and especially, the apparition of TNCs that will be globalized. The success of the corporations on financial plan is nowadays more determined by their competence in developing and leading an international system of activities that generate added value, which is the competence to globalize.
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Bibliographic InfoArticle provided by University of Craiova, Faculty of Economics and Business Administration in its journal Annals of Computational Economics.
Volume (Year): 3 (2008)
Issue (Month): 36 (May)
transnational companies; foreign direct investments; global corporations; liberalization; globalization;
Find related papers by JEL classification:
- F00 - International Economics - - General - - - General
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
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