Common Instruments and Strategies for Regional Economic Integration of Transnational Corporations

DOI

10.2991/aebmr.k.210712.007How to use a DOI?

Keywords

TNC strategic alliance, economic integration, East Asia, international direct investment

Abstract

With economic globalization sweeping through every country in the world, liberalized regional economic integration, financial globalization, product globalization, liberalized international trade, liberalized international investment is deeply impacting and affecting all countries in the world, bringing unprecedented prospects to the economies of all countries in the world, strong competition among nations, countries and countries, great changes in the world’s micro economy and macro economy, and East Asia is one of the most dynamic economic regions in the world economy. This paper mainly studies the current situation of regional integration of transnational corporations in East Asia, after analyzing the intra-regional trade and comparison with the EU, NAFTA, it is found that the proportion of internal trade in East Asia has been higher than that of the North American Free Zone in the period of nearly 18 years, and has been nearly 17 percent higher by 2010. East Asian integration investment and market, East Asian trade integration shows typical characteristics of production and trade. Through the early literature study of East Asian integration, the basis of literature review in the past 15 years, combined with the use of interdisciplinary comprehensive analysis, the flexible use of micro-macroeconomic theory, regional economics and other disciplines and their research methods combined with empirical analysis, it is found that the development of regional economic integration of multinational corporations faces many difficulties, such as capital and technology external dependence, final consumer market external dependence, diversity of national strategies, lack of identity, etc. It is unsustainable to strengthen the ability of technology development and innovation to boost the economy through high investment and large-scale trade.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Sai Zou
AU  - Jiaxiang Ye
PY  - 2021
DA  - 2021/07/12
TI  - Common Instruments and Strategies for Regional Economic Integration of Transnational Corporations
BT  - Proceedings of the 2021 International Conference on Economic Development and Business Culture (ICEDBC 2021)
PB  - Atlantis Press
SP  - 35
EP  - 40
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210712.007
DO  - 10.2991/aebmr.k.210712.007
ID  - Zou2021
ER  -