MULTINATIONAL ENTERPRISES: APPROACHES TO TERMINOLOGY
Keywords:
multinational enterprise, transnational corporations, international production, foreign direct investments, cross-border mergers and acquisitions, global value chainsAbstract
This article analyzes the terminology of enterprises engaged in international production on the basis of foreign direct investment. It shows the historical circumstances and basic approaches to their definition and names, generalizes the theoretical views on classification of international firms and the essential features of these companies. The article gives some arguments for using the term multinational enterprise, as one that more accurately reflects the key features of modern internationalization of firms and allows to get a deeper understanding of the global value creating peculiarities.
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