Transnational corporations in the global world economic environment

Transnational corporations are one of the most important subjects of international economics. They are directly affecting new trends in international business, global competitiveness on international markets as well as economies of states, nations. This paper will analyze how the internationalization is implemented into competitiveness enhancement of transnational corporations, how important role transnational corporations play within the current global economic turbulent processes to assure sustainable economic growth in the world economy and enhance the competitiveness within the world economy environment. By means of analysis, comparative analysis methods followed by logical deduction the main aim of this paper is to figure out how and in what way the transnational corporations implementation processes within the business environment can affect the international economics system in terms of social and economic development. The issue is also to find out the proper involvement of TNCs in international and national environment along with the possible risks and benefits for particular economies and other stakeholders. The goal of all those efforts is supposed to lead to sustainable social and economic development and better quality of life in the global world economy environment. (C) 2016 The Authors. Published by Elsevier Ltd.