THE INFLUENCE OF TRANSNATIONAL CORPORATIONS ON THE ECONOMIC OUTLOOK IN THE CONDITIONS OF COMPETITION
Abstract
In the conditions of rapid development of globalization processes and competition in the world economic space, TNC has a significant impact on the economic outlook of society. The activities of many transnational corporations not only allow states to develop economically, but also such processes contribute to the solution of a large number of problems at the social level: environmental protection, development of medicine, improvement of education, increase in quality of life. Over time, TNCs change the economic worldview, therefore it is necessary to conduct a timely study of the activities of these companies in the conditions of modern competitive confrontation in order to identify the prospects of their management. The aim of the article is to analyze the state of transnational corporations and research their impact on the economic outlook in the conditions of modern competitive confrontation. Methodological basis of research was logical methods of information processing, statistical analysis, methods of system analysis, comparison. The basic hypothesis of research was the assumption that the efficiency of the national economy, economic outlook, level of integration and international competitiveness depend on the success of TNCs, because they are the largest players in the world economy. Presentation of the main material. The dynamics of TNC development are analyzed. It was determined that the geographical structure of TNCs is gradually changing in today's conditions. It has been studied that financial companies have gained clear advantages over industrial corporations in the competitive struggle, which as a result has a significant impact on the development of the economic outlook. Originality and practical meaningfulness of research. It is advisable to use the conducted research to increase the international competitiveness of the national economy by using the investment activities of TNCs in the conditions of deepening globalization. Conclusions. The state and the corporation are global "institutions" that have developed in various branches of the global economy and in various historical periods of the formation of the economic outlook. Both institutions can serve for the benefit of the population and contribute to its prosperity, or they can take destructive steps, not based on the concepts of morality and law.
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DOI: https://doi.org/10.32620/cher.2023.1.02
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