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The article is devoted to the study of the impact of foreign direct investment (FDI) and the activities of TNCs in less developed regions (LDRs), which can lead to a break in value chains and to an increasingly complex division of labor, more complex decisions on location and directions of regional development. The author presents different types and mechanisms of FDI in more developed regions (MDRs) and in LDRs. The main approaches to FDI in the LDRs, developed in economic theory, are evaluated. Attention is drawn to that that international production and FDI will have significant implications for the LDRs in the near future. The development of factory automation is likely to reduce the feasibility of low labor costs, low-cost locations, which, in turn, will lead to increased reuse, attraction of resources in high-tech industries and a decrease in the level of added value of services. Increasing digitalization of supply chains is likely to lead to the emergence of more complex global production networks, the expansion of international production in both low-tech industries and higher value-added services. Increased automation and digitalization, trends in regional integration towards more stable local and regional sources of supply, and a push to become less dependent on imports of strategic goods undertaken by more developed regions (MDRs) are likely to lead to stronger organization of production networks on a macro-regional scale. The article urges experts to continue researching FDI in the face of uneven development.

It has been found that the world flagship of financing innovation activities are TNCs, which, due to the high level of concentration of investment potential, have the opportunity to finance capital-intensive innovation projects related to the modernization of the most high-tech industries and basic information and telecommunication technologies. It is proved that the selection of sources and methods of financing the innovation activity of TNCs depends on the stage of the life cycle of an innovative product, which makes it possible to timely eliminate the deficit of financing by diversifying the sources of financial and investment support for research, development and approbation of prototypes of equipment and technologies. Studies have shown that the financing of innovation activities in American, European and Japanese TNCs is marked by their distinctive features based on the structure of sources of funding for research and development, in particular the participation of the State in this process. It is determined that Ukraine needs an innovative model of transformation of the post-war economy in order to eliminate at an accelerated pace the terrible consequences of the armed invasion of russian aggressors, to modernize energy-intensive segments of the national economy, to ensure the mass introduction of modern innovative technologies in all phases of the reproductive process and to use the existing production and technical potential of regional economic complexes to straighten territorial imbalances of the socioeconomic development. It has been found that the main catalyst for innovative transformation of regional economic complexes in Ukraine is the inclusion of TNC divisions in them, primarily in terms of financing the processes of production and introduction of innovative technologies. It is substantiated that in the context of the expediency of implementing the best practices of financing research and development into the domestic practice of innovative transformation of the regional economy, it is worth adopting the South Korean experience, which allowed this country to turn from an industrially backward agrarian country into an advanced country in Southeast Asia in a few decades.

The topic of the global governance model is relevant in the modern world in the context of various global challenges and problems. The growing globalization of the economy, politics, culture and other spheres of life creates a need to understand and improve governance models at the level of the world community. The article analyzes the changes in the model of geosociety governance that have occurred under the influence of the development of the sharing and digital economies. The nature of the interaction between states and transnational corporations is determined, as well as the potential place of communities as the owner and source of resource exchange and the subject of global governance in the process of this interaction. That is, the purpose of the study is to understand the trends in updating the global governance model in the process of geosociety transformation. We used a dialectical approach and the method of intellectual inversion, which allowed us to take a comprehensive look at the redistribution of the functions of managing society and geosociety. As a result, it is stated that the green, digital and cryptocurrency transitions are instrumental forms for redefining the model of global management of strategic life resources. The author concludes that the transition to the era of digital coexistence has increased the flexibility of global governance actors and the diversity of their associations through harmonization and restoration of the energy and information balance of the system. The modern complex and, at the same time, fragile and vulnerable construction of geosociety requires the emerging governance system to adhere to the principles of openness, tolerance, dialogic communication and responsibility of all participants in geosocial relations. In general, further development of the socio-philosophical analysis of the global governance model will help not only to better understand the complex interrelationships in the global political and social landscape, but also to contribute to the creation of more effective and fair governance mechanisms at the international level. many aspects, including political, economic, social and cultural factors. Nevertheless, some general principles and directions that can be taken into account when developing such a model should be outlined. [ABSTRACT FROM AUTHOR]

The analysis of the phenomenon of the US economic recovery in the period 1993–2001, during which the US economy maintained high rates of growth in all sectors, contributes to a better understanding of the whole range of problems related to the development and functioning of the modern economic system. It is an important prerequisite for the effectiveness of restructuring processes in the national economy and its reconstruction after the end of the full-scale war launched by the Russian Federation on February 24, 2022. The purpose of the article is to study, on the basis of a comprehensive analysis of the latest American sources, the characteristic features of the social and economic strategy of domestic policy, the main directions, dynamics and trends of the growth of the USA’s economic power during this period 1993 – 2001 in the context of the world economy. The methodology of the research is based on the critical analysis of the latest American primary and secondary historical sources and scientific literature, on the application of civilizational, problem-chronological, systemic, regional, interdisciplinary approach to the knowledge of the evolution of economic history. The fundamental principles of the article are the principle of historicism, objectivity, scientificіty, unity of positive and normative aspects of science. For scientific comprehension of the problem, comparative, systemic-synergistic, historical-genetic, comparative-statistical methods. The novelty of the research consists in the consideration of the problem in a historical retrospective, theoretical understanding of the fundamental principles of the functioning and development of the US economy as a leading state in the post-bipolar world, the evolution of its theoretical systems in the specified period in the context of globalization processes of the modern world, interrelations and trends in the development of the general civilization process. The research has revealed that at the turn of the two millennia, the United States turned into a leading country in the world, its economic power reached its highest level. The author analyzes the main factors that contributed to this: high level of scientific and technical potential; favorable foreign policy conditions; intensive inclusion of the USA in the world integration processes, strengthening the processes of globalization and internetization of the American economy, its focus on high technologies and higher competitiveness in the world, provision of leading positions in the institutes of world and regional, international economic cooperation and reformation of the system of management.

It has been found that the world flagship of financing innovation activities are TNCs, which, due to the high level of concentration of investment potential, have the opportunity to finance capital-intensive innovation projects related to the modernization of the most high-tech industries and basic information and telecommunication technologies. It is proved that the selection of sources and methods of financing the innovation activity of TNCs depends on the stage of the life cycle of an innovative product, which makes it possible to timely eliminate the deficit of financing by diversifying the sources of financial and investment support for research, development and approbation of prototypes of equipment and technologies. Studies have shown that the financing of innovation activities in American, European and Japanese TNCs is marked by their distinctive features based on the structure of sources of funding for research and development, in particular the participation of the State in this process. It is determined that Ukraine needs an innovative model of transformation of the post-war economy in order to eliminate at an accelerated pace the terrible consequences of the armed invasion of russian aggressors, to modernize energy-intensive segments of the national economy, to ensure the mass introduction of modern innovative technologies in all phases of the reproductive process and to use the existing production and technical potential of regional economic complexes to straighten territorial imbalances of the socioeconomic development. It has been found that the main catalyst for innovative transformation of regional economic complexes in Ukraine is the inclusion of TNC divisions in them, primarily in terms of financing the processes of production and introduction of innovative technologies. It is substantiated that in the context of the expediency of implementing the best practices of financing research and development into the domestic practice of innovative transformation of the regional economy, it is worth adopting the South Korean experience, which allowed this country to turn from an industrially backward agrarian country into an advanced country in Southeast Asia in a few decades. [ABSTRACT FROM AUTHOR]

Modern Chinese transnational corporations act as leaders in the world markets and have all the prospects for development. Today, the Chinese government seeks to change the status of the country from 'industrial" to "innovative". so it creates an optimal economic atmosphere for work in the country and in cooperation with other countries. China is strengthening its position in the innovation environment through its contribution to R&D and the development of the digital economy. The subject of the study are all aspects of Chinese TNCs’ production, innovation, investment, which make them successful operation on world markets. The aim of the study is to investigate the specifics of TNC activity, to evaluate how Chinese TNCs function in global markets. The objective: to consider the theoretical and methodological basis of the study of transnationalization in the world economy; to determine the essence and principles of the activities of transnational corporations, to study the specifics of the emergence and development of transnational corporations in China; to determine the current state and development prospects of China's TNCs on world markets. The research methodology is based on the application of a systematic analysis of the activities of transnational corporations, statistics and the historical-theoretical background of the emergence of TNCs, as well as the use of abstract research methods, expert assessments, correlation - regression analysis and economic analysis. Results: in this article, based on economic analyses, the role of China’s transnational corporations was assessed, and several priority development areas were identified. Conclusions: Most of China's multinational companies are among the top 500 of Fortune Global 500 and top 100 list of Forbes . Chinese multinational corporations use various strategies to increase competitiveness, especially "mergers and acquisitions", expanding not only the scale of production, but also the spheres of activity. Based on this, it can be concluded that Chinese TNCs have significant prospects for development and leadership in world markets.

The article is devoted to actual issues of the peculiarities of the implementation of innovations in the market of creative industries. The concept of the market of creative industries, as well as innovations, is considered. The importance of innovations for the development of the economy, as well as the sources of their financing, are considered. A comparative analysis of the implementation of innovations in the market of creative industries and in other industries was carried out. The features of innovation implementation at «The Walt Disney Company» were analyzed.

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.

The article focuses on the relationship among the management of transnational corporations in the tourism and hospitality sector; on a fair balance of interest; and on communication with stakeholders. The study aims at analyzing, generalizing and systematizing various models of managing interaction among the stakeholders of transnational corporations in the tourism and hospitality sector by sharing the functions of management and control among them. The subject of the study is the organizational and economic relations that arise in the process of controlling interaction between the management of transnational corporations in the tourism and hospitality sector and all the stakeholders. To work out the problem, various methodological approaches were used, including the systemic approach, methods of logical and comparative analysis, and theoretical approaches to managing and modeling social systems and organizational structures. As a result, it has been found out that the management models of stakeholder interaction at transnational corporations in the tourism and hospitality sector have evolved, from the standpoint of exclusive attention to investors and related economic expectations, to the acceptance of commitment to increasing the significance of all the parties concerned and taking over global (economic, social and environmental) responsibility/ The research materials and its practical conclusions can be used: in the work of authorities at the macro- and meso-levels when developing variants for managing interaction among the stakeholders of transnational corporations in the process of regulating direct investment, program and forecast and project design, development strategies for macro- and meso-economic entities in the tourism and hospitality sector; in the activity of international tour operators, hotel and restaurant chains and networks interested in improving their efficiency.

Competitiveness of enterprises in the international market of goods and services is one of the main trends in the development of the world economy. In order to preserve and strengthen their competitive advantages, transnational corporations (TNC) are forced to reconsider sometimes conservative approaches to the development and implementation of marketing strategies. The article is aimed at studying the theoretical and practical aspects of the formation of TNC marketing strategies, analyzing the factors that influence the choice and substantiation of these strategies in the context of uncertainty of the global environment. TNC do not use only global or transnational marketing strategy. For the most part, compromise approaches prevail, which can be conventionally defined as standardized adaptation. Reducing the product life cycle (PLC), the use of synchronous expansion of national markets provide TNC leadership on a global scale. Finding the best time to enter foreign markets, rationalizing of marketing strategies and prioritizing the use of marketing mix tools at each stage of the international life cycle is the key to the success of TNC in the competitive struggle for international and national markets. For all TNC, the problem of marketing strategy efficiency remains the main one. Each company experiences a discussion on global and adaptive strategy in different periods of its life cycle. The combination of global thinking and local implementation according to the needs of the market, building a new level of relationships with partner (manufacturer, supplier, consumer, etc.), business processes management and integration of management functions with effective saturation with digital solutions and innovations is not an easy but effective formula for the success of TNC marketing strategies.

The study considers the issue of investment activity of transnational corporations – the largest representatives of world business, which acquire new features that are developed under the influence of the fourth industrial revolution. The study highlighted the increasing role of corporations in the international investment market. The authors mention the features of rhetoric that accompanies the penetration of TNCs into the economic systems of the world and reflects the impact on economic, political, and social components, highlighting the rules of foreign direct investment state regulation, founding the most liberal approaches to attracting FDI. Tracking the changes taking place under the influence of Industry 4.0 allowed to develop a list of features that are inherent in the investment activities of TNCs. Among the inherent features, the reshoring process, which has been used by United States corporations for a long time, is gaining popularity. The study reflects the course of export-import operations with foreign direct investment in the world, which is developed by analysing the data on the flow of FDI imports and exports. It is established that Industry 4.0 is described by such risks, which are developed due to the growth of instability and a high level of uncertainty of the result. Attempts to integrate achievements of the fourth industrial revolution into economic and business practices, which are rapidly taking place in the modern world, are directly related to Ukraine, which is in great need of international financial and technological aid. It is emphasised that TNCs can provide the country with the said resources as the leading investors for Ukraine, despite the fact that in Ukraine the amount of foreign investment from TNCs is currently insignificant and mainly aimed at meeting the needs of the domestic market, own consumption and not in export-oriented industries. The study also analyses the factors of direct influence on the decision of corporate management to conduct business in Ukraine. Furthermore, the study emphasised the necessity of developing and implementing effective state regulatory mechanisms that can balance the interests of leading corporations and national enterprises.

The development of the corporate sector in Poland has become an important element in the formation of a new economic environment and the transformation of social relations. The article analyses the regulatory mechanism in the corporate sector of Poland, which concerns, in particular, the mechanisms of integration and capital development, with the help of the content analysis method. Considerable attention is paid to updating Polish legislation in accordance with the requirements of the European Union (EU). The author carried out a retrospective analysis of the process of the development of market economy in Poland and the place of privatization in it. The study describes significance of privatization processes in Poland for new progressive tendencies of development of public relations. The article analyses the problems that still remain relevant for the development of the corporate sector in Poland. The regulatory features of the activity of transnational companies in modern Poland and their significance for the economy are studied. The author notes the role of Poland’s membership in the EU to ensure further development of the market economy, the development of the corporate sector in it on the basis of capital integration. It is concluded about a significant capitalization of Polish companies. Access of Polish companies to capital is a necessary condition for dynamic development, as small Polish businesses are unable to accumulate investment funds on their own and incur high loan costs.

The aim of the article is to identify the content-related and conceptual bases of the transnationalisation of the travel services market at the stage of globalization of world economic relations. The factors of internationalization of the service sector are considered. The general structure of the international travel services market is analyzed.The article highlights the prerequisites for the transnationalisation of the tourism services market (international tourism is the cross-border movement of consumers of travel services; calculating profits from international tourism has specific features; the travel industry provides a quick economic effect and requires participation of a large amount of labor, the spending of foreign tourists in a host country have a threefold effect on its economy).The main forms of activities of TNCs in the field of travel services (duplication of a business model; multilocal strategy; global strategy; transnational strategy) are considered. There proposed a definition of transnationalisation of the travel services market, which considers it as the process of concentration of production in the field of international tourism in the administrative and legal, innovation and investment, spatial and territorial, socio-economic dimensions through the formation of transnational tourism companies that create a new competitive environment in the international travel services market through implementing a range of activities of a strategic, current, organizational nature.A conceptual scheme for the transnationalisation of the travel services market is developed. Within the presented framework, a system of measures to develop the process of transnationalisation of the travel services market is elaborated, the results of transnationalisationof the tourism services market are identified (equalization of the quality of life in countries participating in international cooperation in the tourism sector; intensification of economic activities of peripheral territories; diversification of development of the international services sector, etc.).

The article deals with the basic organizational and legal forms of enterprises’ associations in the real sector of the economy, the creation of which provides its participants with strategic advantages over competitors and allows to coordinate the activities of all links of the technological chain and attract large financial resources. The historical aspect of the formation and development of business associations was investigated, which made it possible to distinguish six stages in the development of business associations. It is proved that the world economy is built on the interaction of multinational corporations. The prerequisites for the emergence, development and formation of multinational corporations and their impact on the world economy are highlighted. The author explaines the main key aspects concerning multinational corporations: management features, the activities of multinational corporations, the impact on economic activity of the country, and quantitative indicators. The main factors that influence business entities to consolidate a business are summarized. The dynamics of the number of different forms of business association of enterprises registered in the Unified State Register of Enterprises and Organizations of Ukraine is analyzed, which made it possible to establish that the increase in the number of business associations is observed in such an organizational f and legal orm as an association.

The progress of globalization over the last few years has caused academic and political discussion worldwide. The opinions of experts and politicians vary on the nature of globalization, its driving forces, and consequences for civilization, nevertheless, the overwhelming majority of scholars agree that globalization is a key concept that ensures understanding of the essence of the transition of human society into the third millennium and the most demanded means of comprehending the essence of transformations of the world order at the turn of the 21st century. Globalization itself is a global problem of paramount importance, holding unique opportunities and existential threats. It opens fascinating prospects, and at the same time aggravates old diseases, and creates new threats and dangers. One of the most pressing issues of contemporary political science is whether the institution of the state will remain in the global world order, or whether it is doomed to be abolished by globalization. The wide variety of opinions and methodological approaches to the study of the phenomenon of globalization testifies that this phenomenon can be understood only by means of a comprehensive study of its main aspects.

The subject matter of the article is the theoretical and practical aspects of growth, expansion, and functioning of the transnational corporations against the backdrop of the modern transnationalization of the economy. The aim of the work is to research the transnationalization of the economy and to identify the main factors of growth and development of modern transnational corporations. The following tasks were solved in the article: analysis of the level of transnationalization of the economy; definition of modern geographical diversification of TNCs; research the theoretical foundations of corporate growth; creation of practical evidence of a theoretical basis on modern databases; analysis of the influence of the elements of the expansion of TNCs on their profitability. The following methods are used: the graphic method, the statistical method, the comparative method, the index method. The following results were obtained: the level of transnationalization of the world economy in dynamics over the past years has been revealed, which is characterized by a stagnant situation from 2014. The study of the transnationalization of individual economies shows a certain approach of the leaders to the more similar indicators. This trend demonstrates the importance of geographical diversification for TNCs. The relationship between the profit and the using of various specific expenses was discovered. It has been revealed that R & D, as a component cannot independently provide the sufficient competitive advantages to the ever-growing technological solution of global competitors. The need for the existence of specific capabilities of the company due to the proper management in the geographical structure is confirmed. It is noted about the change in the local position of both the parent companies and affiliates of TNCs, which leads to transnational competition between countries. The need of simultaneous use of multiple methods of growth is noted. Conclusions: the studied at the work theoretical and practical aspects demonstrate the importance of each element of the TNCs. The expenses of corporations are necessary for the development and expansion of activities. Marketing costs, migration force, R & D costs, geographic diversification management make it possible to use the potential of companies more widely while simultaneously using different methods. Practical consideration has allowed to determine that the maximum result is achieved by a combination of several elements of growth, thereby creating so-called "profitable giants".

The article is devoted to the study of the development of the service sector among other sectors of the economy. The social way of the vast majority of human history has not relied on the service sector, traditionally the leading role was played by sectors related to the extraction of natural raw materials, the production of products of agriculture and forestry, fishing, etc. According to the so-called three-sectoral model of the economy, these industries were the primary sector of the economy. However, during the transition of society to the post-industrial period, there was a sharp change in the correlation of the share of services in comparison with the share that accounted for the share of production. It was found out that the basis of these processes lay first of all changes in the system of social needs. It is disclosed that for today the proper level of the process of commodity production can be provided only with the involvement of certain types of services. This process is called externalization of services. This allows the production facilities to optimize their activities, in particular, by attracting legal, accounting, logistics services, etc. It has been established that the efficiency of a modern economy depends to a large extent on the integration of the sphere of services with the sphere of material production. It is revealed that the development of the infrastructure of the newest communication technologies today serves as a guarantee of success in realization of new opportunities in the market of services. In particular, in today’s conditions there is a rapid development of those services, for which the personal contact between the service provider and the recipient is not obligatory, since the process can take place in a remote mode. The influence of global changes on the subjects of natural monopolies is evaluated, as the development of technologies creates the preconditions for attracting to the markets alternative providers of services. Particular attention is paid to transnational companies that have an impact on the globalization of the services sector in an effort to eliminate barriers to scale up their activities. Trends in the service sector in general will inevitably affect the functioning of the public service delivery system.

In a modern stage of national economic unit-intertwine conditions the process of transnationalization and internationalizations concern to every country, including Georgia. Transnazionalization, as a process the important subjects are transnational companies, their business in different countries supports to develop national economy and to integrate faster in international economic system. Transnational corporations are determined as an important resource flow of foreign direct investments. Transnational corporations play important role within the current global economy. They have larger budget than small countries. Transnational corporations also contribute significantly to individual nations through foreign direct investment, creating thousands of jobs and investing in the companies’ infrastructure. In a modern stage of national economic unit-intertwine conditions the process of transnationalization and internationalizations concern to every country, including Georgia. After recovery of independency Georgia started to involve in a globalization process and implemented important economic reforms.

The article focuses on the relationship among the management of transnational corporations in the tourism and hospitality sector; on a fair balance of interest; and on communication with stakeholders. The study aims at analyzing, generalizing and systematizing various models of managing interaction among the stakeholders of transnational corporations in the tourism and hospitality sector by sharing the functions of management and control among them. The subject of the study is the organizational and economic relations that arise in the process of controlling interaction between the management of transnational corporations in the tourism and hospitality sector and all the stakeholders. To work out the problem, various methodological approaches were used, including the systemic approach, methods of logical and comparative analysis, and theoretical approaches to managing and modeling social systems and organizational structures. As a result, it has been found out that the management models of stakeholder interaction at transnational corporations in the tourism and hospitality sector have evolved, from the standpoint of exclusive attention to investors and related economic expectations, to the acceptance of commitment to increasing the significance of all the parties concerned and taking over global (economic, social and environmental) responsibility/ The research materials and its practical conclusions can be used: in the work of authorities at the macro- and meso-levels when developing variants for managing interaction among the stakeholders of transnational corporations in the process of regulating direct investment, program and forecast and project design, development strategies for macro- and meso-economic entities in the tourism and hospitality sector; in the activity of international tour operators, hotel and restaurant chains and networks interested in improving their efficiency. [ABSTRACT FROM AUTHOR]

The essence of TNCs as the most effective form of international business, which maintain their competitiveness in the markets, have the opportunity to make profits by expanding the scope of activities, maneuver the production capabilities, effectively respond to the changes in market conditions, taking into account the differences in legislation and economic specifics of each individual region is defined. It is clarified that companies looking for expansion can implement their ambitions by internal or external growth strategy, which is the fundamental reason for mergers and acquisitions. The concepts and reasons of mergers and acquisitions processes are revealed, the differences between them caused by enterprises motives are determined, although in some aspects these concepts are very close, the methodical approach to assessing their feasibility is considered. Analysis of global trends of mergers and acquisitions revealed the global processes of redistribution of the world market, the reset of host countries economies, the creation of a new system of international relations. The intensification of M&A in the context of globalization, despite the wave-like nature of this phenomenon, as well as the conclusion of the largest and most valuable agreements, mostly by large corporations and powerful TNCs, which strengthens their position, M&A implementation in industries with high monopolization are proved. Thus, TNCs are the main representatives of international monopolies, their main goal is not to maximize profits, but to maximize the market, and M&A mechanism contributes to this. As corporations try to gain not only the shares in the companies they buy, but also access to the latest technology, manufacturing capabilities and capacities that allows them to differentiate their products, M&A are becoming increasingly popular in today's globalized world. Taking into account the sensitivity of M&A market to external factors, it is justified to expect the decrease in the quantity and value of transactions in 2020, however, we should expect an increase of crisis agreements, which make it possible for TNCs to buy promising projects at low prices. The possibility of sectoral changes in M&A market in favor of the most promising areas of banking, pharmaceutical, insurance sectors, as well as IT and software and telecommunications are identified. In the context of the required innovative development of TNCs, it is reasonable to increase M&A agreements for startups which are promising, flexible in the market and meet the requirements of the time in their form of business operation. The efficiency of mergers and acquisitions on the world market is investigated, the competitiveness of TNCs is assessed on the basis of mergers and acquisitions, current problems and prospects for TNCs expansion are substantiated. [ABSTRACT FROM AUTHOR]

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The impact of economic globalization on the nationstate is highlighted. Indicators and prospects of economic internationalization of states are determined. The variability of development of economic globalization is considered. The role and importance of innovative technologies in their interconnection with TNCs and the economic sphere of the country are noted. The advantages and disadvantages of states under the influence of transnational corporations are identified as the main drivers of economic globalization. The need for a synergistic approach to the process of economic internationalization of nation-states is emphasized. The purpose of the work is highlighting the socio-economic dimension of globalization on the example of TNCs, defining its influence on national states, and outlining the issue of optimizing this process. The basis of the theoretical and methodological base of the research is civilizational and systematic approaches, the principle of objectivity, general scientific methods: analysis and synthesis and dialectical method in the study of economics. [ABSTRACT FROM AUTHOR]

The article is aimed at analyzing the theoretical and methodological provisions of the theories and concepts of transnationalization, determining their differences, characteristics, and conditions of formation. The processes of transnationalization have been studied in terms of leading economic theories. The relationship between the categories of «globalization», «internationalization» and «transnationalization» has been analyzed. According to results of the carried out study, the article defines that transnational corporations have emerged as a result of globalization. It has been found that the transnationalization process is acquiring new essential features that impact not only the world economy but also the economy of the corporation’s home country. Based on the analysis of leading economic theories and conceptions of transnationalization, it is suggested that they be systematized into four theoretical-methodological approaches: evolutionary, structural-functional, strategic-multifocal, institutional.

The article provides the concepts of both the transnational and the multinational corporations. The main types of transnational companies have been defined and characterized. A retrospective of development of the transnational structures has been carried out considering the multinational, global and specific marketing strategies of the production-commercial activities of companies at different stages of formation. The main benefits for globalization of companies have been defined. The level of the global investment flows has been provided. A top-ten of the leading transnational companies according to the Global Fortune 500 has been allocated, the quantitative changes in the geographical structure of the leaders as to the home countries have been determined. The degree of influence of the transnational structures on the world level of scientific, technological developments, as well as commercializing the market for high-tech products has been defined. The objectives of creating the strategic transnational alliances have been determined.

The aim of the study is to identify those theoretical and methodological principles that set the vector for further applied researches of social and cultural environment’s globalization processes of Ukraine, and contain principles of understanding the essence and peculiarities of these processes. Methodology of the study. Primarily the authors draw from the system–synergetic method of studying the processes of social and cultural globalization, since it most fully conforms to the multidimensionality, internal inconsistency, openness and nonlinearity of the object of investigation. The scientific novelty of the work consists in deepening the perception of the essence and parameters of sociocultural globalization. Particular attention is paid to its anthropological dimension. There is being established a system of interconnections between economic, political and socio–psychological factors that promote the massification of Ukrainian society’s consciousness as one of the trends of today’s globalization realias. Conclusions. The results of the research confirm formulated ideas in science on the complexity, systemic, multidimensional and multilevel globalization’s process. Changes at the material, technical and civilize levels are reflected on social, organizational, spiritual and psychological levels of the society. Due to a complex of reasons, Ukrainian social and cultural environment turned out to be a favorable ground for the realization of some negative tendencies of cultural globalization. The theoretical and methodological base developed by foreign and domestic researchers provides the necessary guidelines for the implementation of applied social and cultural studies of the globalization process in Ukraine and the creation of effective strategies for managing these processes. [ABSTRACT FROM AUTHOR]

The aim of the article is to study the process of resolving/intensifying the contradictions of the contemporary globalized market by means of identifying the counteracting forces that are critical for the period of the formation of post-industrial relations. It is proved that in the context of globalization and gradual establishment of principles of the post-industrial economy, the confrontation of major counteracting market forces is undergoing changes, which is manifested through the processes of resolving/ intensifying the market contradictions. There identified the content of these changes, in particular: if at early stages of the market development the confrontation «state—market» was of decisive importance, at the present time it is the confrontation «civil society – TNCs». There described a multivariate character of the interaction between the major market forces — states, international organizations, TNCs, civil society (both with the effect of achieving community of their interests and with the effect of their disunity). It is proved that the confrontation between the civil society and international corporations objectifies in the globalized economy a new form of contradiction between labor and capital that corresponds to the post-industrial content of economic relations and, in particular the content of property relations

The article is concerned with identifying the main factors of transnationalization of companies in the countries of Eastern Asia (Japan, China and Republic of Korea). Processes of transnationalization in the countries of Eastern Asia has been analyzed, the main large multinational corporation of Japan, China and the Republic of Korea have been determined. The main factors of transnationalization of companies in the countries of the region have been identified as follows: world markets conjuncture, cost of production, business environment and the State policy in the sphere of investment. The article proposes and calculates an updated indicator of transnationalization of business in 2010-2014 on the basis of magnitude of the largest transnational corporations in the Eastern Asia.

Currently the process of globalization in the field of scientific, technical and industrial activity continues to grow. Countries conclude bilateral and multilateral agreements to facilitate cooperation in scientific research and co-financing of capital-intensive innovation projects. Combining competitive advantages of companies is motivated by the government’s policy with respect to attracting foreign direct investments and entering new markets. Despite some discomfort of countries of the world caused by the outflow of knowledge abroad and disturbance of the equilibrium of the trade balance, most of the countries of the OECD have scientific and economic benefits from these transactions. The processes associated with innovations are constantly in the focus of attention of local and foreign experts and are reflected in their works. The aim of the article is to analyze the impact of international integration interaction of countries of the world on innovative development. The forms of internationalization of innovation activities have been analyzed. The main vector of the modern global competition based on scientific and technological achievements and innovations has been determined. The main directions of the internationalization of innovation activities have been revealed and justified

The article is aimed to analyze new trends taking place in the today's global economy, with the purpose of forecasting the future architecture of the world economy and determining roles of various world countries in the global economic system. Contemporary trends of the economic globalization process in terms of both the trade and investment aspects were examined. Characteristics features and elements of economic globalization were allocated. It has been specified that this process is of controversial nature and can bring ambiguous implications for the world countries. A few years ago the developed countries were leaders in both the world trade and global investment, but nowadays there is a change in the architecture of the world economy for the benefit of the developing countries. It has been emphasized that in the developing countries the process of transnationalization is taking place violently: new transnational corporations are being created and developed, which carry out active expansions on the markets of the both developed and developing countries. Rapidly growing are trade and investment flows within the developing countries that provides them with the means of production and large sales markets.

The article justifies the conclusion that modern foreign investment trends in agriculture do not provide for the fundamental needs of the sector. The essence of the agribusiness global value chain and its stages is defined in the piece of research. The study demonstrates greater involvement of countries with developing and transition economies in international capital flows in the main segment of the agro-industrial complex – the agricultural production (farming) stage, likewise clear dominance of developed countries in foreign investment processes in international downstream and upstream segments. Investment trends in various sectors of the agribusiness global value chain are detected in the study. The article reveals factors that are increasingly driving foreign investment in agricultural production today. Approaches to designing and implementing government investment policy that is aimed at maximizing efficiency of the agrarian sector by means of foreign capital inflows are outlined in the study.

This paper investigates the essence and peculiarities of high-Technology products exports in conditions of global competition with performed classification of its models on a corporate level. Peculiarities of corporate motivation of exporting high-technology products have been determined. Interconnection between innovation management system in transnational corporations and their capabilities of strengthening their competitive positions on world markets of high-technology products has been shown. Tendencies of fixing studies and developments during the last decade of leading companies, along with their influence on corporate innovative potential have been studied. On the example of aerospace sector of Ukraine, possibilities of strengthening the influence of high-technology export on rising of national economy international competitiveness have been determined. The need has been proved, and the ways have been shown for attraction of international investments into hightechnology sectors of Ukrainian economy through improvement of business conduct area, defense of intellectual property rights, and development of cooperation between national and transnational companies. Directions of use of integration factors of rising of volumes of export of high-technology Ukrainian products on the basis of developing cooperation of national enterprises with Russian partners have been shown.

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Copyright of Scientific Bulletin of Polissia is the property of Chernihiv State Institute of Economics & Management and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Problems of Economy is the property of Research Centre for Industrial Developmen Problems of Nas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This article analyzes the views of eminent analysts on the driving forces of and explanations for economic globalization today. It examines the main characteristics of this process, such as the growth of world trade, the increased mobility of financial capital, the growing role of transnational corporations and the development of network technologies and the internet. The author analyzes the positive impact of globalization on the development of productive forces and human development. Problems arising from the growing interdependence of a globalized world, such as environmental issues, security, increased worldwide disparity of socio-economic development of countries and regions, are also examined. In conclusion, the author voices the need for establishing a system of global management.

There were studied theoretical and practical aspects of the formation and efficient implementation of corporate investment strategies in the global business environment. There was made an analysis of transnational factor of the global economy establishment and revealed the nature of the global investment market, its subject identification as well as structural and functional segmentation, determined progressive and regressive properties. There has been made the identification of the update investment strategies of oil-and-gas TNC in the paradigm of the global management.

The article reveals the management conceptual frameworks of the international investment risks of transnational corporations in the current conditions. Since the operation models of the investments risks used in the practices of international management aren’t perfect and contain numerous errors of risk-managers, the authors offer a system of integrative riskmanagement. There was researched the evolution of the management paradigm of the international investment risks from the past fatalistic and mathematic paradigms through “weather-type” and organic paradigm to the latest behavioral paradigm, the key characteristics of which is a crucial influence of the decisions and actions of leading international investments players on the state and dynamics of changes of the world financial markets. There has been proved a regular character of the formation of the modern integrative system of international risk-management, which includes not only traditional financial and managerial instruments but also nontraditional financial instruments (hedge funds of the new type, art banking, stress testing), and also cross-cultural technologies (cross-cultural compliance, friendly merger technologies, cultural types of risk-managers and so on.