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International Corporations and Globalization

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  • Rousska Dimova

Abstract

This 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.

Suggested Citation

  • Rousska Dimova, 2004. "International Corporations and Globalization," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 99-114.
    • Handle: RePEc:bas:econth:y:2004:i:4:p:99-114
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    References listed on IDEAS

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    1. Phillip Bryson, 2001. "Economy and “New Economy” in the United States and Germany," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 36(4), pages 180-190, July.
    2. 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.
    3. Georg Koopmann, 2003. "Regionalism going global," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 38(1), pages 2-3, January.
    4. Michael Frenkel & Isabell Koske & Christoph Swonke, 2003. "How competitive are Europe’s economies?," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 38(1), pages 31-37, January.
    5. Michael Groemling, 2002. "Why does redistribution not shrink when equality is high?," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 37(4), pages 204-211, July.
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    Cited by:

    1. 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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    More about this item

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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