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Ekonomia i Prawo. Economics and Law

TRANSNATIONAL CORPORATIONS IN SEARCH OF ATTRACTIVE INSTITUTIONAL CONDITIONS IN CONTEMPORARY GLOBAL ECONOMY
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  • TRANSNATIONAL CORPORATIONS IN SEARCH OF ATTRACTIVE INSTITUTIONAL CONDITIONS IN CONTEMPORARY GLOBAL ECONOMY
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TRANSNATIONAL CORPORATIONS IN SEARCH OF ATTRACTIVE INSTITUTIONAL CONDITIONS IN CONTEMPORARY GLOBAL ECONOMY

Authors

  • Magdalena Owczarczuk University of Bialystok

DOI:

https://doi.org/10.12775/EiP.2014.038

Keywords

Institutional changes, greenfield investments, cross-border M&As, foreign direct investment, European Union

Abstract

        Transnational corporations (TNC) are important members of the global economy as they possess immense capital, productive, and technological potential, and involve a massive share of international economic relations. They are mainly responsible for the inflow of foreign direct investments and all their derivatives. Thanks to their power, TNCs are able to influence political decisions. When searching for locations for new investments, they choose places where they are met with the most favourable conditions. The 2007 financial crisis has significantly contributed to the reduction of international capital flow, effected mainly by TNCs. Such situation compelled various national economies to undertake actions which, on the one hand, ensured an attractive position for international investments, and, on the other hand, protected internal markets from speculative flows of capital.

        The aim of this study was to present the changes which occurred after the last financial crisis in FDI flows throughout the global economy, focusing particularly on the economy of the EU. The analysis of the dynamics and structure of FDI flows has been performed in the context of introduced institutional changes established in the European Union after 2007. In this paper to a large extent were used materials developed by UNCTAD. The considerations set out in the article show that in recent years, many countries have introduced favorable regulations for TNCs. These activities became an attempt to increase the investment attractiveness of the EU economies in times of reduced flows of foreign investment.

References

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UNCTAD, World Investment Report 1993. Transnational Corporations and Integrated International Production, United Nations, New York 1993.

UNCTAD, World Investment Report 2005. Transnational Corporations and the Inter-nationalization of R&D, United Nations, New York, Geneva 2005.

UNCTAD, World Investment Report 2009. Transnational Corporations, Agricultural Production and Development, United Nations, New York and Geneva 2009.

UNCTAD, World Investment Report 2013. Global Value Chains: Investment and Trade for Development, United Nations, New York, Geneva 2013.

UNCTAD, World Investment Report 2014. Investing in the SDGs: An Action Plan, United Nations, New York, Geneva 2014.

Ekonomia i Prawo. Economics and Law

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Published

2014-12-31

How to Cite

1.
OWCZARCZUK, Magdalena. TRANSNATIONAL CORPORATIONS IN SEARCH OF ATTRACTIVE INSTITUTIONAL CONDITIONS IN CONTEMPORARY GLOBAL ECONOMY. Ekonomia i Prawo. Economics and Law. Online. 31 December 2014. Vol. 13, no. 4, pp. 533-544. [Accessed 5 July 2025]. DOI 10.12775/EiP.2014.038.
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