Revisiting transnational Corporations Literature: The Implicit furiousness on Spatial Reflections
N. Aydan SAT?
Gazi University, Faculty of Engineering and Architecture, section of City and Regional Planning, 06570, Ankara, Turkey
Received: 26.10.2006 Revised: 22.05.2008 Accepted: 05.01.2009
ABSTRACT
This cover aimed to explore the different approaches to Transnational Corporations (TNC) with implicit emphasis on their spatial reflections. For this aim, major studies in the subject were examined according to their master(prenominal) concerns which were namely monopolistic advantage, internalization advantage and others (global dynamics, innovation, entrepreneurship and etc.). These studies were broadly self-consistent in concluding that the earlier ones on TNCs and their FDI were mostly firm-based studies and attached emphasis to the monopoly and internalization advantages without taken into consideration spatial conditions. The studies cognize after the 1970s were started to discuss about different factors in affecting FDI. A special emphasis was given to the locational characteristics of the armament countries, i.e. natural resources, raw material, distance from the market, cheap labour power, unsupplied market.
The changing dynamics of the global economy last four decades dictates that TNCs break to adjust their strategy and structure to better fit with the emulous environment, which can be understood from the studies realized in these years. In spite of the increased mobility in every aspect of our sprightliness and discussions on annihilation of space by time, it was provoke to see an increase in the studies mainly concerned spatial dependency of TNCs. Key Words: Foreign Direct Investment, Transnational corporations, Location, Globalization.
1. INTRODUCTION The theory of TNCs and their FDI is currently a topic of primordial importance within the context of global economic relationships. TNCs those look at in FDI,...If you want to get a full essay, crop it on our website: Ordercustompaper.com
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