International Corporations and Globalization
AbstractThis article clarifies the importance of the corporate way of global economic interdependence. Corporations are analyzed in the context of globalization theory. It is claimed that with globalization the importance of international corporations translates into the creation of a new economy. The changes in technological, managerial, production, financial, political and cultural principles for the development of corporate business are summed up. The institutional role of business is interpreted according to its modern global characteristics. Supported is the idea that business partnerships should be structured in various regional integrative communities, which create opportunities not only to cater for real economic interests, but also for the developmental goals in globalization. The existence of a real basis for the development of economic and social structures of global management without a global government is pointed out.
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Bibliographic InfoArticle provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Thought.
Volume (Year): (2004)
Issue (Month): 4 ()
Find related papers by JEL classification:
- F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
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- Georg Koopmann, 2003. "Regionalism going global," Intereconomics: Review of European Economic Policy, Springer, vol. 38(1), pages 2-3, January.
- Phillip Bryson, 2001. "Economy and “New Economy” in the United States and Germany," Intereconomics: Review of European Economic Policy, Springer, vol. 36(4), pages 180-190, July.
- García-Canal, Esteban & Duarte, Cristina López & Criado, Josep Rialp & Llaneza, Ana Valdés, 2002. "Accelerating international expansion through global alliances: a typology of cooperative strategies," Journal of World Business, Elsevier, vol. 37(2), pages 91-107, July.
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- Radostina Bakurdjieva, 2009. "Corporate Social Responsibility of the Firms in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 33-62.
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