Cihan University-Erbil Hosts a Session on The Roles of MNEs in Enhancing Economic Resilience
On Wednesday, January 29, 2025, as part of the Scientific Conference on Administration and Finance, Cihan University-Erbil organized a significant discussion session led by keynote speaker, Prof. Dr. Tomasz Dorozynski. The session titled The Importance of Multinational Enterprises in Strengthening Economic Resilience: The 5Is Model, was attended by academics, experts, and researchers who explored the pivotal role of multinational enterprises (MNEs) in stabilizing global markets and fostering economic growth.
During the session, speakers elaborated on the 5Is model, which highlights five key factors that contribute to economic resilience: Investment, Innovation, Infrastructure, Integration, and Inclusion. Participants emphasized that MNEs play a crucial role in injecting investments, driving innovation, and enhancing economic environments over the long term. The research findings reinforced that economies with a strong MNE presence usually recover faster from economic crises due to continuous investment flows, improved infrastructure, and strengthened global trade ties. Moreover, these enterprises foster technological advancements and facilitate cross-border cooperation, making them crucial players in economic stability.
The discussions also showcased how these corporations contribute to developing infrastructure and supporting small and medium-sized enterprises (SMEs) by creating equal growth opportunities. Experts further underscored the significance of economic integration facilitated by MNEs, which strengthens trade relations between countries and fosters sustainable development. The inclusion of SMEs within MNE networks was highlighted as a critical factor in enhancing local economic growth and employment opportunities, ultimately leading to a more robust and sustainable economy.
The audience engaged actively in the discussion, raising questions about policies that could enhance the role of multinational companies in supporting emerging economies and maintaining financial stability during economic crises. The session concluded with key recommendations aimed at fostering collaboration between the public and private sectors to maximize the benefits of MNE presence.
This session at Cihan University-Erbil reflects the institution’s commitment to staying updated on economic developments and providing a platform for meaningful discussions among academics and industry professionals, ultimately contributing to the development of strategies that support sustainable economic growth.
