УДК: 330.341:621.311

DOI: https://doi.org/10.36887/2415-8453-2023-4-23

Ruslana Bilyk
Department of international economics of the Yuriy Fedkovych Chernivtsi National University
Diana Bilyk
Kyiv National Economic University named after Vadym Hetman
Oksana Havrylyuk
Department of international economics of the Yuriy Fedkovych Chernivtsi National University

JEL classification: E22, E62

Transnational corporations, as a form of international business, currently significantly influence the development of strategies for developing Ukraine’s economy, becoming the leading players in modern international relations. In modern realities, the transnationalization of enterprises in Ukraine can be an economic tool that forms new directions of social development, goals of foreign economic activity, and the specifics and conditions of the country’s participation in the global division of labor and international trade. Today, transnational corporations are a significant element in many countries’ economic systems, helping to increase economic efficiency.

The article aims to study transnational corporations’ influence on the country’s economy in the post-war period.

The results. The article analyzes aspects of the activities of transnational corporations in Ukraine and their impact on the country’s economy. A classification of the main methods transnational corporations implement in their external expansion is presented. It was determined that the main activities of transnational corporations include investing funds through direct foreign investment (creating joint ventures, branches abroad, developing a corporate network), exporting products and services, selling licenses to foreign partners, and forming strategic alliances with other companies. It was determined that the activities of transnational corporations are based both on the use of their production resources and on cooperation with independent enterprises. Such corporations often exploit cheap labor and favorable tax conditions by locating their branches in countries with low taxes or other competitive advantages.

Conclusions. The definition of the main characteristics of transnational corporations, which emphasize their significant contribution to forming the country’s economic structure, has been clarified and expanded. It has been proven that due to their significant financial potential, transnational corporations often have advantages over local companies, as they provide the exchange of goods, services, information, and production resources necessary for the reconstruction of the country in the post-war period.

Keywords: transnational corporations, investments, innovations, investment and innovation development, country reconstruction

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The article was received 28.09.2023