Transnational corporations and international diffusion of knowledge and technology
Transnational corporations and international diffusion of knowledge and technology

Summary/Abstract: The resources and skills of transnational corporations (TNC) make them play the essential role in carrying out R&D work, whose effect is the production of new, often technologically advanced solutions. Striving for maintaining competitive advantages over others on foreign markets imposes the necessity to transfer the technology worked on in parent companies to TNC foreign branches and local offices. The extensive range of TNC activity through a network of units localised in various regions of the world determines the fact that they are leaders in the process of implementing and distributing innovative solutions in the world. The main aim of the paper was to identify the scale of influence of branches of world-largest transnational corporations on entities with respect to the diffusion of technology, knowledge and skills. In this publication a descriptive and comparative methods and a domestic and foreign literature review have been used. The choice of these methods was determined primarily by the type of available research materials. It has been shown, the transfer of technology physically increases the resources of available production factors, encompassing foreign employees providing technical services or occupying managerial positions in local companies, foreign technologies contribute to the economic growth through utilizing the existing resources and that the transfer of foreign technology may cause a considerable rise in efficiency of the present factors (workforce, capital, natural resources, including land).

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