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The role of transnational corporations in the globalisation process

In: The Handbook of Globalisation, Third Edition

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  • Grazia Ietto-Gillies

Abstract

Globalisation is a complex phenomenon that is more in the nature of a process than a state of affairs. There have been several attempts at definition. Most definitions boil down to the fact that globalisation is both a process of geographical/spatial outreach and a process of an increased degree of interconnectedness and interdependence between people, groups and institutions based in different countries of the world. As a process of spatial outreach it is not new and has long historical antecedents. Nonetheless, it is argued in this chapter that the current process is considerably different from any previous process of outreach. One of the major differences is seen in the role that transnational corporations play in the globalisation process.

Suggested Citation

  • Grazia Ietto-Gillies, 2019. "The role of transnational corporations in the globalisation process," Chapters, in: Jonathan Michie (ed.), The Handbook of Globalisation, Third Edition, chapter 8, pages 155-164, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:18293_8
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    Cited by:

    1. Soliman, Salma & Papanastassiou, Marina & Saka-Helmhout, Ayse, 2023. "The role of subsidiaries in Global Value Chains (GVCs): An institutional voids perspective on LVC upgrading and integration," Journal of International Management, Elsevier, vol. 29(2).

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