The Role of Multinational Corporations in the European Union

Authors

  • Raluca Pârjoleanu PhD student, Valahia University of Targoviste, Romania

DOI:

https://doi.org/10.18662/po/11.4/225

Keywords:

multinational corporations, foreign direct investment, employee, European Union, human resources management

Abstract

Organizations such as multinational corporations are the most important form of business globally. The defining role on the world economy could be seen at the onset of the financial crisis of 2008, but also in the recent events related to the Covid-19 pandemic, when corporations transformed their production lines to respond to the need for protective equipment for the frontline workers in the health system, but also for the broader population. Through Foreign Direct Investment (FDI), multinational corporations make a positive impact on economies around the world. In addition to contributing to the local development of areas where they setup subsidiaries, multinational corporations are a form of integration of a local economy into the global economy. In the Romanian economy, multinational corporations play a decisive role, representing the companies with the highest turnover, but also the most desired employers for those looking for a job.

References

Barran, D. (1974). The multinationals: Sheeps in sheep’s clothing. Journal of General Management, 1(3), 13-15. https://doi.org/10.1177/030630707400

Bradley, G. E., & Bursk, E. C. (1972). Multinationalism and the 29th day. Harvard Business Review, 50(1), 37-47.

Ciriperu, D. (2019, June 16). Top 10 cele mai mari companii din România în 2018: Afaceri în creştere cu 20%. Zece companii multinaţionale, niciun antreprenor roman [Top 10 largest companies in Romania in 2018: Business growing by 20%. Ten multinational companies, no Romanian entrepreneur]. https://www.zf.ro/companii/top-10-cele-mai-mari-companii

-din-romania-in-2018-afaceri-in-crestere-cu-20-zece-companii-multinationale-niciun-antreprenor-roman-18162881

Eurostat. (2018). Structure of multinational enterprise groups in the EU. https://ec.europa.eu/eurostat/statistics-explained/index.php/Structure

_of_multinational_enterprise_groups_in_the_EU#MNE_groups_operating_in_the_EU

Fortune 500. (2019). https://fortune.com/fortune500/2019/

Fortune Magazine. (2003, April 14). F32 insert. www.Fortune.com/500/archive

Jacoby, N. (1970). The multinational corporation. The Center Magazine, 3(3), 38.

Romanian Financial Directory 2001-2002. (2003). Finmedia Publishing House.

Rubin, S. J. (1970). The international firm and the national jurisdiction. In C. Kindleberger (Ed.), The international corporation (pp. 65-87). MIT Press.

Topul celor mai doriţi angajatori în 2019 [Top most wanted employers in 2019]. (2019, June 18). https://www.catalyst.ro/top-cei-mai-doriti-angajatori-2019

-2/

Truitt, W. B. (2006). The corporation. Greenwood Press.

Vernon, R. (1971). Sovereignty at bay: The multinational spread of U.S. enterprises. Basic Books.

Vernon, R. (1986). Economic sovereignty at bay. Foreign Affairs, 7(1), 110. https://doi.org/10.2307/20039358

Downloads

Published

2020-12-18

How to Cite

Pârjoleanu, R. (2020). The Role of Multinational Corporations in the European Union. Postmodern Openings, 11(4), 109-126. https://doi.org/10.18662/po/11.4/225

Issue

Vol. 11 No. 4 (2020): Postmodern Openings

Section

Research Articles

License

Copyright (c) 2020 The Authors & LUMEN Publishing House

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Authors who publish with this journal agree to the following terms:

  • Authors retain copyright and grant this journal right of first publication, with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work, with an acknowledgement of the work's authorship and initial publication in this journal.
  • Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g. post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
  • Authors are permitted and encouraged to post their work online (e.g. in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as an earlier and greater citation of published work (See The Effect of Open Access).

Postmodern Openings Journal has an Attribution-NonCommercial-NoDerivs
CC BY-NC-ND

CC_BY_NC_ND