The role of transnational companies in urban development

Abstract

The paper is about the impact of globalization and transnational companies, their importance and the influence on the urban economic development. Globalization has significant implications for all types of cities, determining actions and the policy of governments and corporations in international relationships. In the international competitive environment, the ability to develop a transnational organizational capability is the key factor that can help the firm adapt to the changes in the dynamic environment, at the same time, to become valuable for a new internationalized world, cities have to develop themselves constantly.