Science. Business. Society.
Vol. 5 (2020), Issue 1, pg(s) 9-13

BUSINESS

The influence of transnational corporations on the economy of developing countries (Contemplating the example of how the Coca – Cola Company influences the economy of Ukraine)

  • 1 National Aviation University, Kyiv, Ukraine

Abstract

Transnational corporations’ manufacturing and commercial activities are connected to national and regional markets. Taking this fact into account, the authors identify the main causes of the active development of transnational corporations around the world and determine five levels of economic growth of developing countries. The authors also consider directions of transnational corporations’ influence on developing countries and inquire institutional means and methods of regulating the influence of transnational corporations in Ukraine. Attractive sectors of the Ukrainian economy for transnational corporations’ activities are proposed, the Coca-Cola Company’s activities performed in Ukraine are analyzed, and conditions for further development of transnational corporations in Ukraine are named in the paper.

Keywords

References

  1. Bade, R., Parkin, M. (2003). Foundations of Macroeconomics. 4th Edition. Boston: Addison Wesley Higher Education. 250р.
  2. Schumpeter, J. A. The theory of economic development / J. A. Schumpeter. - M.: Direct-Media, 2007. - 400p.
  3. World Trade Organization [Electronic resource] / Wikipedia. - Access mode: https://uk.wikipedia.org/wiki/%.
  4. UNCTAD (2017), World Investment Report: “Transnational Corporations Extractive Industries and Development”, [Electronic resource] available at: http://unctad.org/en/PublicationsLibrary/wir2017Overview_ru.pdf.
  5. The merger and acquisition market in Ukraine grew by 78% last year in terms of transaction value - Experts [Electronic resource] / UKRINFORM. - Access mode: https://www.ukrinform.ua/rubric-economy/2639672-rinok-zlitta-ta-poglinanna-v-ukraini-torik-zris-na-78-za-vartistu-ugod-eksperti.html.
  6. Coca-Cola [Electronic resource]. - Access mode: https://company.unipack.ru/15321/.
  7. Fortune500 [Electronic resource]. - Access mode: https://fortune.com/.
  8. Sustainability Report on the Coca-Cola Companies in Ukraine [Electronic resource]. - Access mode: https://www.coca-colaukraine.com/content/dam/journey/ua/uk/private/2019/July/Coc a-Cola-Corporate-Report-GRI-2018.pdf.
  9. Social and economic impact of the Coca-Cola companies in Ukraine [Electronic resource]. - Access mode: https://www.coca-colaukraine.com/content/dam/journey/ua/uk/private/2017/4/Coca- Cola%20SEIS%202017%20Broshure%20A4%20p.pdf.

Article full text

Download PDF