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How The Largest American Corporations Evolved In The Period 2019-2022

Author

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  • Sorin-George TOMA

    (University of Bucharest, Faculty of Administration and Business, Romania)

Abstract

One of the most important achievements of the last century was the spread of huge business organizations all over the world. Based on modern organization and management, these corporations began to obtain an increasing efficiency through various methods and techniques. After the fall of the Berlin Wall, the process of globalization expanded very rapidly all over the world. As key pillars of this widespread and complex process, corporations fulfil several important functions, such as employing a large number of people and providing various products and/or services to numerous customers. Today's business world is ruled by huge multinational and transnational corporations which operate and compete on a global scale. Many of them are powerful American corporations from various domains. The goal of the paper is to present and briefly analyze the evolution of the first ten American corporations in the period 2019-2022 in terms of their total revenues. This aim was achieved through a qualitative research method. The results reveal that the ten largest American corporations in terms of total revenues obtained high economic performance during the period 2019-2022 and that they are activating in important economic sectors, such as retailing, the pharmaceutical sector and health care system, and the IT&C sector. Wal-Mart clearly dominated the hierarchy in the whole period.

Suggested Citation

  • Sorin-George TOMA, 2024. "How The Largest American Corporations Evolved In The Period 2019-2022," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 9(2), pages 65-72.
  • Handle: RePEc:brc:brccej:v:9:y:2024:i:2:p:65-72
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    JEL classification:

    • F00 - International Economics - - General - - - General
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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