The Corporate Activities in the Context of the Development of Regional Integration Associations
The article is aimed at defining the level of interrelationship between corporations and regional integration associations. An interaction of interests of international corporations and regional integration associations is determined. In particular, competitive advantages of regional integration org...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Research Centre of Industrial Problems of Development of NAS of Ukraine
2018-08-01
|
| Series: | Bìznes Inform |
| Subjects: | |
| Online Access: | http://www.business-inform.net/export_pdf/business-inform-2018-8_0-pages-44_50.pdf |
| Summary: | The article is aimed at defining the level of interrelationship between corporations and regional integration associations. An interaction of interests of international corporations and regional integration associations is determined. In particular, competitive advantages of regional integration organizations and the interests of international corporations in the course of development of integration associations are allocated. It is proved that cooperation within the framework of an integration association opens up additional opportunities for corporations to increase access to necessary productive resources, and this, in turn, is one of the most important motives for deployment of transnationalization. Distribution of the largest corporations by sector of economy is carried out depending on the indices of market capitalization. The research used the indicators of flows of both inbound and outbound investments for the period of 1970–2016 from four regional integration associations – NAFTA, EU, ASEAN, LAS. On the basis of calculations the values of indices of dynamics of input and output foreign direct investments have been determined, which have shown, that modern corporations act as immediate bearers of two key tendencies of internationalization of world economic activities. It has been proved that corporations have become not only key actors in the world market, but also define basic trends in the international trade in goods and services, international capital movements, and play a key role in the creation, development, and dissemination of innovations. |
|---|---|
| ISSN: | 2222-4459 2311-116X |