Working Paper
The Role of Multinational Enterprises in Globalization: An Empirical Overview
Kiel Working Papers, 1069
Authors
Publication Date
JEL Classification
F23
F10
F2
F02
Key Words
The activities of multinational enterprises drive the economic globalization process to a very large degree. This paper lists some facts about their dominant role in all channels of globalization. Therefore, the importance of multinational enterprises in foreign direct investment and production abroad is examined as well as their contributions to the international transfer of knowledge and technology and to foreign trade. It is argued that economic theory must account for multinationals' activities in the analysis of the globalization process.
