The transaction cost theory of the transnational corporation

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review


Business firms, along with nation states, are crucial agents in today’s advanced economies. Transnational corporations (TNC) are business firms with activities in more than one nation state,1 and although they are but a small subset of all business firms, they play a dominant role in the world economy. According to UNCTAD (2009), there were some 82,000 TNCs in 2008 owning more than 800,000 foreign affiliates. Ten years earlier, their internal trade was estimated to already account for as much as three-quarters of world exports (UNCTAD, 1999: 232).
Original languageEnglish
Title of host publicationTransnational Corporations and Transnational Governance
EditorsS. Lundan
Place of PublicationBasingstoke
PublisherPalgrave Macmillan
ISBN (Print)9781137467676
Publication statusPublished - Dec 2014


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