Transnational corporations inU kraine as a factor of cross border cooperation development

Abstract

Analysis of available sources predicates that the level of cross-border cooperation in Ukraine today is clearly too low and this area of international economic contacts are virtually ineffective, despite the fact that the country is a member of many Euro regions and special (free) economic zones. Besides, transnational corporations have unique opportunities to promote cross-border cooperation in national economy and their rate in the world has recently increased strongly. Nowadays, a leading role in global processes play American transnational corporations which outpace the companies from other countries in nature, scope of trade and investment. But this gap is gradually reduced by strengthening the position of transnational corporations in Western Europe and Japan, as well as the emergence of transnational corporations in developing countries.
In Ukraine, foreign transnational corporations appeared in the early 90s. First of all, they directed their activity in the main market segments: consumer goods, food, gasoline, tobacco; where the positions of domestic producers were weak. They took control on tobacco industry, the market of soft drinks, beer, advertising market as well as telecommunications. That is why; the development of domestic transnational corporations is an objective necessity and the real prospect nowadays. They can create a decent competition to foreign companies in the domestic and foreign markets on one hand and create unique opportunities for cross-border cooperation on the other due to its high level of internationalization.