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Globalisation, Global Business and Transnational Corporations

Besim Ćulahović

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Abstract

The process of globalization should be conceptualized as a complex interaction between transnational corporations (TNCs) and the state that occurs in the context of the dynamic technological environment. \nAlthough TNCs have an extremely important role in globalization, they have not superseded \nother traditional economic institutions, especially the state. The localization of economic activities remains \nfundamental, because every economic activity must be grounded in specific locations.

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The process of globalization should be conceptualized as a complex interaction between transnational corporations (TNCs) and the state that occurs in the context of the dynamic technological environment. \nAlthough TNCs have an extremely important role in globalization, they have not superseded \nother traditional economic institutions, especially the state. The localization of economic activities remains \nfundamental, because every economic activity must be grounded in specific locations.

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Available abstract

The process of globalization should be conceptualized as a complex interaction between transnational corporations (TNCs) and the state that occurs in the context of the dynamic technological environment. \nAlthough TNCs have an extremely important role in globalization, they have not superseded \nother traditional economic institutions, especially the state. The localization of economic activities remains \nfundamental, because every economic activity must be grounded in specific locations.

Key concepts: Globalization, Context (archaeology), State (computer science), Economic globalization, Economic system, Process (computing), Business, Economic geography

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