Economic and political instability and MNC production: The Turkish automotive case, 1972-1992

Abstract

111 tlie beginning, people lived in closed societies and survived through the exchange of goods. After the first money was coined, it took on an important role in one's life and with the peculiarities of liquidity, confidence and adjustment, it became mi indispansible factor. After World War II, tlie globalization process began: within this process multinational corporations have been the main actors in transboundary interactions. Multinational corporations are the engines of national economies and, with their complicated structures, they continue to exist and exert influence on national economies, d'here tu'e many aiguments related with the pros and cons of multinational corporations, their existence, supply, money, labor, management styles and the like. At the same time, there are several theories which look at multinational corporations from difterent points of view. Global homogenization is a rather peaceful process when it is compared to the confrontations and wars taking place in today's world. Mutual tolerance by the multinational corporations and host country governments leads to a better understanding of the function of multinational corporations and eventually accomplishes a wealthy and healthy national economy.