Methodological Approaches to Assessing the Socio-Economic Development of Transnational Corporations Based on Russian Policy Priorities

Abstract

Transnational corporations (TNCs) are one of the most important actors in both the international and national economies, particularly in the Russian Federation. This paper examines how socio-economic internationalization is realized by increasing the development of transnational corporations, the significance of the role played by transnational corporations in the current economic turmoil in the face of sanctions to ensure sustainable economic growth in the economy and boost global economic competitiveness. The challenge lies in figuring out the proper involvement of TNCs in the national environment, along with the possible risks and benefits for specific economies and other stakeholders. These initiatives should contribute to sustainable socio-economic development and a better quality of life in the current state of the Russian economy. Transnational corporations (TNCs) are one of the driving forces behind the internationalization of international production, the liberalization of international trade, and, ultimately, the development of the national economy. As the scientific and technological revolution progresses, TNCs are becoming one of the most important and dominant phenomena, respectively, and the subjects of the current fundamental economic processes.

Keywords

• transnational corporations
• national economy
• process
• socio-economic development
• scientific and technological revolution
• sanctions