Multinational Companies - Main Players In The Globalization Economy.

Regardless of the pro and against globalization opinions, the reality demonstrates the fact that the new world economy is based on the globalization process. In the international economic arena, apart from sovereign states there are new important players coming into action, such as multinational companies. We must also not neglect international institutions which have left their mark on the international arena. In the current context, multinational companies, hold a force unthought of half a century ago and represent both the main entities generating value and the main beneficiaries of the redistribution of added value, mainly through speculative actions. In the current paper I have attempted to present the different spectrum of roles which multinational companies play in the process of globalization. [ABSTRACT FROM AUTHOR]