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The Development of Transnational Companies under Big Umbrella of Globalization

Author

Listed:
  • Ungureanu Adrian

    (“Spiru Haret” University of Bucharest, Faculty of MAEI)

  • Varga Anca

    (“Spiru Haret” University of Bucharest, Faculty of MAEI)

  • Ungureanu Gabriela

    (“Spiru Haret” University of Bucharest, Faculty of MAEI)

Abstract

Currently, on international level, operates a variety of companies. From all of these, the transnational corporation represent particular interest, being designated as an "entity-key of global economic activity, a creative net worth to devote a large proportion of global resources needed to sustain economic growth processes. The new trend in the STN sites emphasize efforts to promote corporate social responsibility that contributes to change the attitude of many corporations and individuals working for them. Company efforts are visible in contributions to community development and environmental impact. Corporations want to impose their own standards of development which reflects some positive attitude towards regulations that support behavioral codes which they argue. Globalization has opened the way for limited progress, offered alternatives to local development, has generated deep changes, n dimensional complex with sometimes unpredictable consequences on economic development and socio-institutional

Suggested Citation

  • Ungureanu Adrian & Varga Anca & Ungureanu Gabriela, 2011. "The Development of Transnational Companies under Big Umbrella of Globalization," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 2208-2212, May.
    • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:2208-2212
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    More about this item

    Keywords

    globalization; transnational companies; social responsibilities; development;
    All these keywords.

    JEL classification:

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

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