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Specificities of the Contemporary Centralization of Capital in the World Economy

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  • Petko D. Petkov

Abstract

The article focuses on reasons have leaded to the new wave of merges, mainly observed in the industrial developed countries. The wave is caused by many factors most important of which are: contemporary science-technical progress, economical regionalism and globalisation. Most of the merges are horizontal. The internationalisation of the property of mega companies gets more and more expended. Centralization of the capital solves a great number of current problems but in the same time exacerbates the existing contradictions and creates new ones. This wave continues in spite of the sharp slowdown lowliness in 2001 but no wonder if after recession it amplifies again.

Suggested Citation

  • Petko D. Petkov, 2002. "Specificities of the Contemporary Centralization of Capital in the World Economy," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 89-106.
  • Handle: RePEc:bas:econth:y:2002:i:1:p:89-106
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    More about this item

    JEL classification:

    • 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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