TRANSNATIONAL COMPANIES AND THEIR ROLE IN GLOBALIZATION
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Authors:
• Liviu RADU, email: lgradu2005@yahoo.co.uk, Afiliation: “Nicolae Titulescu” University, Bucharest -
Keywords: transnational companies, globalization, direct foreign investment flows, financial-banking system, international economic system.
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Abstract:
This work attempts to prove the correlation between the globalization phenomenon and transnational companies, starting from the following assessment: “globalization is the economic phenomenon which has caused the occurrence of transnational companies and subsequently, they have become the grounds for the preservation and expansion of this process on global level”. In other words, transnational companies represent today the main globalization initiator, player and beneficiary. The demonstration of the above said will be supported by several factors such as: the development of the financial-banking system, international trade, services and technology sectors. These factors are the means by which transnational companies interfere with the integration of each state in the environment of the economic activity’s globalization, even this is accomplished with large compromises detrimental to national economies.