THE IMPACT OF TRANSNATIONALIZATION ON THE GLOBAL CONSUMER MARKET

Tetiana Kniazieva (), Anna Shevchenko (), Hanna Radchenko (), Olena Komova () and Liliia Pankova ()
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Tetiana Kniazieva: National Aviation University, Ukraine
Anna Shevchenko: National Aviation University, Ukraine
Hanna Radchenko: National Aviation University, Ukraine
Olena Komova: National Aviation University, Ukraine
Liliia Pankova: National University of Life and Environmental Sciences of Ukraine, Ukraine

Baltic Journal of Economic Studies, 2021, vol. 7, issue 5

Abstract: The study found that globalization has no effect on the content of monopoly capital, which has changed its form because of the existence of the process of transnationalization. The growth of transnational corporations not only increases the interaction with the state in the modern process of globalization. Minimization of negative consequences of transnational corporations in the consumer market, ensuring food security of the country involves the implementation of the strategy of import substitution and reasonable protectionism. This triggers the modernization of foreign economic strategies, improves institutional and organizational and economic efforts of state regulation to ensure protection of the borders of the consumer market. Here targets are defined: growth of own production; increase in investment demand; increase in non-resource exports through exports of high-tech, knowledge-intensive goods and services; intensification of measures within the system of comprehensive export support.

Keywords: global economy; international complex; monopoly capital; transnationalization; structural transformation of the economy; globalization (search for similar items in EconPapers)
JEL-codes: A10 D11 D42 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:bal:journl:2256-0742:2021:7:5:31

DOI: 10.30525/2256-0742/2021-7-5-268-276

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