THE ROLE OF TRANSNATIONAL CORPORATIONS IN THE WORLD ECONOMY
Keywords:
Transnational corporations, globalization,economic impact, sustainability, innovation, ethical dilemmas, corporate governanceAbstract
This article examines the multifaceted role of transnational corporations (TNCs) in shaping the global economic landscape. Beginning with an exploration of the definition and evolution of TNCs, the narrative delves into the drivers behind their global expansion, including the impact of globalization on supply chain integration and market expansion. The economic implications of TNCs, particularly in terms of job creation, foreign direct investment (FDI), and technology transfer, are scrutinized, highlighting both positive contributions and challenges such as income inequality and regulatory arbitrage.
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