The Foreign Direct Investment and Market Access of Transnational Corporation in the Age of Globalization : Focusing on the Political Economic Factors of Strategic Change

Abstract

The real meaning of globalization is not producing public goods based on interdependence for common interest but restructuring political economic order for the maximization of transnational corporations of advanced countries. Transnaional corporations expanded investment in foreign countries and market access to purse monopolistic excess profit. That is, transnational Corporations of U.S., EU, and Japan are pursing a regional division to secure production bases and markets. And then there are competitions among transnational corporation in the configuration of globalization. Thus advanced countries are promoting a trans nationalization of capital and building their own spheres with transnational corporations. In this Context transnational corporations increased the level of pressure of M & A for profitable sectors like tobacco and telecommunication industry. Thus Korea is needed to prepare for indifferential M & A. First of all, it should be made a procedure of M & A difficult through revision of articles of incorporation. Second, it should be built a friendly relationship with big investors. Third, it should take advantage of stock-option for employee