The condition and tendencies of development of foreign transnational corporations
Dronova O.B.1
, Kozlova Zh.M.1
1 Алтайский государственный технический университет им. И.И. Ползунова
Download PDF | Downloads: 18 | Citations: 8
Journal paper
Journal of International Economic Affairs (РИНЦ, ВАК)
опубликовать статью | оформить подписку
Volume 9, Number 2 (April-June 2019)
Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=39191609
Cited: 8 by 07.12.2023
Abstract:
The article shows the dynamics of international trade and GDP, based on the slowdown in the growth of international flows of goods and capital. The analysis of the activities of foreign financial and non-financial transnational corporations (TNCs) in the light of trends in the development of nationalization and state capitalism is conducted. Industry analysis of TNCs from the TOP 100 revealed a decrease in the share of mining and processing industries in developed countries, an increase in the share of the financial sector in developing countries and the general trend of business expansion in the automotive and technological industries.
The article discusses the authors' positions on the concept of deindustrialization, which is understood as the penetration of new technologies in the basic spheres of society. On the basis of statistical data, the author draws conclusions about the impact of protectionism on international activities in developed and developing countries, the growth of production costs and the decline in productivity in industrial sectors. The author analyzes the changes in the structure of international influence of developed and developing countries, the weakening of the dominant role in the international financial institutions of the first and the consolidation of national conglomerates in the latter.
The author draws conclusions about the slowdown of globalization processes, gives examples of the movement of manufacturing and assembly industries in the country with the headquarters of TNCs and reduce the overall profitability of foreign branches. The author confirms the conclusion of Kondratiev V. that these processes reduce the value chains built by TNCs, and the only way out of TNCs is to cooperate with technological companies that increase sales and profits, which contribute to business integration through Internet platforms and form the era of digitalization.
Keywords: globalization, transnational corporations, foreign direct investment, nationalization, de-industrialization
JEL-classification: F21, F23, F01
References:
Atkinson R., Stewart L.A. The economic benefits of information and communication technologyItif.org. Retrieved from http://www2.itif.org/2013-tech-economy-memo.pdf
Avdasheva S., Kurdin A. (2013). Zadachi torgovyh politik chastnyh kompaniy kak instrumenta regulirovaniya i razvitiya konkurentsii: mirovoy opyt i popytka prognoza [Objectives of trade policies of private companies as an instrument of regulation and competition: world experience and attempt to forecast]. “Economic Policy” Journal. (5). 106-126. (in Russian).
Babkin A.V. (2017). Tsifrovaya transformatsiya ekonomiki i promyshlennosti: problemy i perspektivy [Digital transformation of the economy and industry: problems and prospects] SPb.: Izd-vo Politekhn.un-ta. (in Russian).
Bhattacharya A., Khanna D., Schweizer C., Bijapurkar A. The New Globalization: Going Beyond the RhetoricBcg.com. Retrieved December 20, 2018, from https://www.bcg.com/publications/2017/new-globalization-going-beyond-rhetoric.aspx
Bulatov A., Kvashnin Yu., Rebrey S., Senyuk N., Tatulov K. (2018). Mezhdunarodnoe dvizhenie kapitala: tendentsii i perspektivy [International Capital Movement: Trends and Prospects]. World Economy and International Relations. 62 (8). 16-25. (in Russian). doi: 10.20542/0131-2227-2018-62-8-16-25.
Digital Globalization: The New Era of Global FlowsMcKinsey Global Institute. Retrieved from https://www.mckinsey.com/~/media/McKinsey/Business%20Functions/McKinsey%20Digital
Economic report of the presidentGpo.gov. Retrieved from https://www.gpo.gov/fdsys/pkg/ERP-2017/pdf/ERP-2017.pd
Eden L. Multinationals and foreign investment policies in a digital worldE15Initiative, International Centre for Trade and Sustainable Development and World Economic Forum. Retrieved from http://e15initiative.org/wp-content/uploads/2015/09/E15-Investment-Eden-Final.pdf
Glazev S.Yu. (2007). O zadachakh strukturnoy politiki v usloviyakh globalnyh tekhnologicheskikh sdvigov [On the tasks of structural policy in the context of global technological shifts]. Economics of Contemporary Russia. (3(38)). 49-61. (in Russian).
Global investment trends monitor no 31Unctad.org. Retrieved from https://unctad.org/en/PublicationsLibrary/diaeiainf2019d1_en.pdf
Kleyner G.B. (2015). Issledovatelskie perspektivy i gorizonty sistemnoy ekonomiki [Research prospects and management horizons of system economics]. Theory and practice of management. 5 (4). 7-21. (in Russian).
Klinov V. (2017). Sdvigi v mirovoy ekonomike v XXI veke: problemy i perspektivy razvitiya [Upheaval in the distribution of power in the world economy: Problems and outlook of the world economy to 2050]. Voprosy Ekonomiki. (7). 114-127. (in Russian).
Kondratev V. (2018). Novyy etap globalizatsii: osobennosti i perspektivy [Title (World Economy and International Relations, 2018, vol. 62, no. 3, pp. - )]. World Economy and International Relations. 62 (6). 5-17. (in Russian). doi: 10.20542/0131-2227-2018-62-6-5-17 .
Productivity and ULC by main economic activity (ISIC Rev.4)Stats.oecd.org. Retrieved from https://stats.oecd.org/Index.aspx?DataSetCode=PDBI_I4
Schwab K. The Fourth Industrial Revolution. Geneva: The World Economic ForumWeforum. Retrieved from https://www.weforum.org/about/the-fourth-industrial-revolution-by-klaus-schwab
The retreat of the global companyThe Economist. Retrieved from https://www.economist.com/briefing/2017/01/28/the-retreat-of-the-global-company
Tolkachev S.A. i dr. (2018). Promyshlennaya politika v epokhu tsifrovoy transformatsii ekonomiki [Industrial policy in the era of digital transformation] Moscow: KNORUS. (in Russian).
Transnational corporationsin. vestment and developmentUnited Nations. Retrieved from http://unctad.org/en/PublicationsLibrary/diaeia2018d3_en.pdf
Tsvetkov V.A. (2011). Korporativnyy biznes: teoriya i praktika [Corporate business: theory and practice] SPb.: Nestor-Istoriya. (in Russian).
World investment report 2015. reforming international investment governanceNew York and Geneva. Retrieved from https://unctad.org/en/PublicationsLibrary/wir2015_en.pdf
World investment report 2017. investment and the digital economyUnctad. Retrieved from https://unctad.org/en/PublicationsLibrary/wir2017_en.pdf
World investment report 2018. investment and new industrial policiesUnctad.org. Retrieved from http://unctad.org/en/PublicationsLibrary/wir2018_en.pd
Zhironkin S.A., Gasanov M.A., Kolotov K.A. (2018). Vozmozhno li v Rossii neoindustrialnoe importozameschenie [Neoindustrial Import Substitution: Utopia or Non-Alternative Way for Russia?]. Eco. (5(527)). 139-157. (in Russian).
Грозовский Б. Игра с нулевой суммой: почему у программы Трампа мало шансов на успехРбк. (in Russian). Retrieved from https://www.rbc.ru/opinions/economics/24/01/2017/588755289a7947d42845332e
Доклад о мировых инвестициях 2017. инвестиции и цифровая экономика. основные тенденции сновные тенденции и общий обзорUnctad.org. (in Russian). Retrieved from http://unctad.org/en/PublicationsLibrary/wir2017_overview_ru.pdf
Страница обновлена: 31.03.2025 в 09:36:12