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The Role of Multinational Corporations in the European Union

Author

Listed:
  • Raluca Pârjoleanu

    (PhD student, Valahia University of Targoviste, Romania)

Abstract

Organizations such as multinational corporations are the most important form of business globally. The defining role on the world economy could be seen at the onset of the financial crisis of 2008, but also in the recent events related to the Covid-19 pandemic, when corporations transformed their production lines to respond to the need for protective equipment for the frontline workers in the health system, but also for the broader population. Through Foreign Direct Investment (FDI), multinational corporations make a positive impact on economies around the world. In addition to contributing to the local development of areas where they setup subsidiaries, multinational corporations are a form of integration of a local economy into the global economy. In the Romanian economy, multinational corporations play a decisive role, representing the companies with the highest turnover, but also the most desired employers for those looking for a job.

Suggested Citation

  • Raluca Pârjoleanu, 2020. "The Role of Multinational Corporations in the European Union," Postmodern Openings, Editura Lumen, Department of Economics, vol. 11(4), pages 109-126, December.
    • Handle: RePEc:lum:rev3rl:v:11:y:2020:i:4:p:109-126
    DOI: https://doi.org/10.18662/po/11.4/225
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    More about this item

    Keywords

    multinational corporations; foreign direct investment; employee; European Union; human resources management;
    All these keywords.

    JEL classification:

    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate

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