Transnational corporations and economic security: interaction in terms of globalization.

Abstract

Since the end of the twentieth century, globalization processes in the world take a new level every year. This, in turn, affects the development of transnational companies (TNCs), which spread their influence on the economies of countries across the planet, as well as on the system of international economic relations as a whole. It can be said that, recently, transnationals have been the initiators and main supporters of the introduction of globalization. Given that TNCs have virtually unlimited financial resources, their activities pose threats to economic security for both host and home countries. This is mainly due to the fact that the interests of states and companies in relation to which the economic distribution of TNCs is directed are not fully taken into account, and also because the goals of many TNCs and the countries where they are based contradict the basic principles of economic security. The authors of the article describe the main components of economic security, analyze transnational companies, their impact on the economies of countries, as well as proposed steps to strengthen international economic security and that of the country as a whole.