Thursday, November 21, 2019
Multinational enterprises from the Asia Pacific in the global economy Essay
Multinational enterprises from the Asia Pacific in the global economy - Essay Example This research will begin with the statement that multinational corporations are enterprises that a base in a particular country, but with a number of subsidiaries abroad. Most of these multinational enterprises are state owned organizations and receive numerous supports from the government. In the recent past, there has been a rise and growing role of multinational enterprises, particularly in the Asia Pacific region in the global economy. In the past few decades, multinational enterprises from the Asia Pacific were not as dominant and buoyant in the global economy as those in Europe and America. Today, the dynamics have changed and the focus has been shifted to the Multinational enterprises in the Asia Pacific. Research has shown that 29% of multinational enterprises from the globe come from the Pacific Asia. This is out of the over five hundred listed multinationals. In essence, it means that of the 500 listed companies, 145 are from the Pacific Asia region. In the recent past, Chi na alone has added close to about 9 multinationals. This to a large extent sensational in the sense that the global index of companies did not previously indicate a surge in the multinational enterprise. Countries like Japan, China, India, and South Korea continue to dominate the markets in unprecedented rates. The growing influence of these multinationals and their role in the global economy is an interesting phenomenon that warrants some keen interest.