Influence of Transnational Corporations on the Global Economic Order
Influence of Transnational Corporations on the Global Economic Order

Summary/Abstract: The global economy has been in a state of permanent crisis for the last 10 years, the beginning of which is considered to be the financial crisis of 2007. Many studies have been devoted to identifying the reasons for deepening this crisis and gaining global scales, but there is no explicit answer to questions related to measures to overcome crisis phenomena and to create the basis for further sustainable development and its regulation.In our opinion, one of the main reasons for the failure of national economies and the global economy as a whole to ensure a positive development trend is the significant influence of modern monopolies and monopolistic associations both on the national and international levels.From the early 1970’s to the beginning of the nineteenth century, transnational corporations have become the engine of the global economy and the driving force behind the spread of globalisation, but at the current stage, reaching a large size and with considerable financial resources, they become an obstacle to the development of a free market and support and development of competition.Most publications in scientific sources are devoted to the analysis of tendencies of development of transnationalization of the world economy and substantiation of efficiency of activity of transnational companies as the organisation of the world economy, but insufficiently covered the shortcomings of activity of transnational corporations and revealed negative influences on the state of development of the global economy.In a scientific article in order to find ways to overcome the stagnation of the world economy, the influence of international monopolies on economic relations has been researched both within individual states and within the global economy, trends in their development have been identified, and measures have been developed to improve the situation.

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