TRANSNATIONAL CORPORATIONS AND THE PRESENT STAGE OF GLOBALIZATION

Abstract

Transnational corporations - corporations which operate in more than one country at a time - have become some of the most powerful economic and political entities in the world today. These corporations’ home bases are concentrated in the Northern industrialized countries, where ninety percent of all transnationals are based. More than half come from just five nations: the United States, Japan, France and Germany. The purpose of this article is to show how globalization has influenced the functioning and development of transnational corporations and how the paradigm of globalization will determine transnational corporations’ further development.