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Some Issues of Political Economics of Multinational Corporations
[Některé otázky politické ekonomie nadnárodních společností]

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  • Tomáš Evan

Abstract

The existence of multinational corporations is not self-evident. These corporations have costs linked with business in foreign countries compared to their domestic competitors. Therefore, in the long term, they must have particular advantages over domestic firms. These advantages are external to the market system, and in order to make them exist, a governmental activity is necessary. The government, through its intervention on the market, increases transaction costs of using the market mechanism, and through this, it also increases the influence of multinational corporations. Today, the issue is the influence of active external macroeconomic policy and the policy towards investors which uses incentives for them. The bargaining between governments and MNCs has conformed more to the market rules. However, at the same time, it has also become more institutionalised and still remains in the mercantilistic tradition.

Suggested Citation

  • Tomáš Evan, 2010. "Some Issues of Political Economics of Multinational Corporations [Některé otázky politické ekonomie nadnárodních společností]," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2010(4), pages 32-43.
    • Handle: RePEc:prg:jnlaop:v:2010:y:2010:i:4:id:311:p:32-43
    DOI: 10.18267/j.aop.311
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    References listed on IDEAS

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    6. Bruce A. Blonigen & Matthew J. Slaughter, 2019. "Foreign-Affiliate Activity and U.S. Skill Upgrading," World Scientific Book Chapters, in: Foreign Direct Investment, chapter 10, pages 325-367, World Scientific Publishing Co. Pte. Ltd..
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    Cited by:

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    2. Tomáš Evan & Ilya Bolotov, 2014. "The Weak Relation between Foreign Direct Investment and Corruption: A Theoretical and Econometric Study," Prague Economic Papers, Prague University of Economics and Business, vol. 2014(4), pages 474-492.
    3. Tomáš Evan & Pavla Vozárová & Ilya Bolotov, 2018. "Some Effects of Intellectual Property Protection on National Economies: Theoretical and Econometric Study," Prague Economic Papers, Prague University of Economics and Business, vol. 2018(1), pages 73-91.

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    More about this item

    Keywords

    multinational corporations; foreign direct investment; macroeconomic policy; incentives;
    All these keywords.

    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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