The influence of transnational corporations on integration processes of Romania in EU
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StatusThe thesis was presented on the 7 September, 2007Approved by NCAA on the 18 October, 2007 Abstract – 0.27 Mb / in romanian |
Keywords
Globalization, the transnational companies, structure of the world economy, economic integration, country of origin, host country, world production, comparative advantages, direct investments, movement of capital, investment climate, the export commercial, level of integration, geography of export, economic growth.Summary
The development of contemporary international economic relations (IER) system is influenced by accelerating processes of economic globalization. The main driving force of this process are the transnational corporations (TNC) representing the basic core of international business, operating mainly on the global scale, and strengthening the IER. One of directions of TNC expansion, defining the international industrial development, is their investment activity. Transnational capital migration in the form of direct foreign investments (DFI) is one of significant means of the world economy growth and a stimulating element of the growth of the national economies and IER expansion.
In the conditions of market relations, economic competitiveness grows as a whole and thus the importance of TNC influence on the world market increases. For the countries with the transitive economy, sensitive to external factors, the international economic integration remains the unique decision, regardless of their geographical position or political orientation. Having concentrated efforts aimed at using the international experience and practice in the field of international economic integration, Romania should reinterpret strategic directions in its EU post-integration period.
In the work, directions of the world economy development in the new conditions of Romania’s economic integration in the EU are investigated; methodological characteristics of TNC international investment activity are revealed; the instruments of the European economy transnationalization (such as the parameter of estimation of the degree of markets internationalization) are defined; the position of Western Europe in the world investment flow is made clear; diagnostics of DFI national and branch structure within the EU is executed; strategic directions of TNC investment activity in European countries, EU, CEFTA, USA, Japan, Canada, Australia, and newly-adhered EU states are revealed. The author used such managerial instruments as mathematical models to define optimum parity of own and borrowed means (DFI) in the activity of economic agents aimed at the final financial result.
The experience of the EU activity in the field of DFI strategy for Romania and the model of optimum control of the means allocated is analyzed. Specificity of interaction between integration processes and TNC is defined. On the basis of the research conducted, the author has proved the interdependence between the degree of regional integration and TNC-supported transnational capital migration in the EU, favorable social and economic consequences for Romania at the stage of pre- and post-integration
Oficial Reviewers
- Corina Studionov
doctor, associate professor (docent) - Oleg Buga
doctor habilitat, professor
Theses
