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Globalisation, Global Business and Transnational Corporations

Author

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  • Besim Culahovic

    (University of Sarajevo, Faculty of Economics)

Abstract

The process of globalization should be conceptualized as a complex interaction between transnational corporations (TNCs) and the state that occurs in the context of the dynamic technological environment. Although TNCs have an extremely important role in globalization, they have not superseded other traditional economic institutions, especially the state. The localization of economic activities remains fundamental, because every economic activity must be grounded in specific locations.

Suggested Citation

  • Besim Culahovic, 2007. "Globalisation, Global Business and Transnational Corporations," Economic Analysis, Institute of Economic Sciences, vol. 40(1-2), pages 47-59.
    • Handle: RePEc:ibg:eajour:v:40:y:2007:i:1-2:p:47-59
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    File URL: http://www.ien.bg.ac.rs/index.php/en/2007/2007-12
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    More about this item

    Keywords

    Globalisation; transnational corporations; localisation; clusters;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F2 - International Economics - - International Factor Movements and International Business

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