Open AccessInternational trade and transnational companies: Substitutes or complements
Author(s) -
Sandra Stojadinović-Jovanović
Publication year - 2008
Publication title -
međunarodni problemi
Language(s) - English
Resource type - Journals
eISSN - 2406-0690
pISSN - 0025-8555
DOI - 10.2298/medjp0801093s
Subject(s) - international trade , business , trade barrier , international economics , raising (metalworking) , globalization , economics , market economy , geometry , mathematics
Transnational companies are the key drivers of foreign direct investments and major actors in international trade. They are involved in more than two-third of international trade and determine its direction, composition and volume. The relationship between transnational companies and international trade is complex and interwoven, raising the following question: are transnational companies substitutes or complements of international trade? The author explores this relationship. She studies the role of these companies in international trade as a whole and in foreign trade of domestic and host countries