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Transnational Corporations in the Conditions of Globalization of Ukrainian Economy
Voskoboeva E. V., Romashchenko O. S.

Voskoboeva, Elena V., and Romashchenko, Olha S. (2021) “Transnational Corporations in the Conditions of Globalization of Ukrainian Economy.” Business Inform 1:21–27.
https://doi.org/10.32983/2222-4459-2021-1-21-27

Section: Globalization Processes in the Economy

UDC 339.92

Abstract:
This article is concerned with the actual problem of development of transnational corporations (TNCs) in the context of globalization of the economy. The main characteristic feature of TNCs is their ability to plan, organize and control economic activities in different countries. Precisely this is a trait that distinguishes a TNC from other participants in the world economic system. The article carries out a comprehensive study of the impact of transnational corporations on the world economy. The study identifies that the influence of transnational corporations on the world economy, regardless of the level of their development, is increasing. Therefore, foreign direct investment is an important mechanism through which savings are transferred from advanced, industrialized countries to developing countries. Thus, it is identified that among foreign investors the most investment attractive in Ukraine are industry, wholesale and retail trade, professional, scientific and technical activities, information and telecommunications, financial sphere and real estate operations. Also attractive for TNCs from industrialized countries is the investment in the infrastructure of business servicing, first of all, enterprises with foreign investments. It is also examined that most foreign capital was invested in Dnipropetrovsk, Kyiv, Donetsk, Odesa, Poltava, Lviv and Kharkiv regions. It is concluded that the main task is not to confront or combat the influence of large foreign TNCs, but to align their interests with the strategic priorities of the Ukrainian economy, as well as to create own competitive TNCs. To this end, the main competitive advantages and negative consequences of transnational corporations are allocated.

Keywords: transnational corporations, globalization, investment, investment attractiveness.

Fig.: 6. Bibl.: 14.

Voskoboeva Elena V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Business Economics and Social Technologies, State University of Information and Communication Technology (7 Solomianska Str., Kyiv, 03110, Ukraine)
Email: [email protected]
Romashchenko Olha S. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Marketing, State University of Information and Communication Technology (7 Solomianska Str., Kyiv, 03110, Ukraine)
Email: [email protected]

List of references in article

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