The present study is focused on the analysis of the particularities of the development of the transnational corporations starting with their appearance, which from the historical point of view has passed through several phases. Generalizing the scientific literature study that has been done, was identified the consecutiveness development of the transnational corporations in five major phases. Thus, all large companies are treated as international companies, because by increasing the liberalization of international economic relations is triggered the process of opening the global market and international division of labour. Along with financial capital and technology, TNC transfer through the entrepreneurial capital of the receiver economy and managerial-organizational skills, influencing the competitiveness of firms and the economic performance of host countries.
Alexandru SARCO, PhD Student, NIER
transnationalization, international companies, transnational corporations, development phases.