THE INFLUENCE OF TNCs ON THE STATE SOVEREIGNTY OF DEVELOPING COUNTRIES
DOI:
https://doi.org/10.31733/2078-3566-2023-5-20-27Keywords:
TNC, state sovereignty, globalization, developing countries.Abstract
The article provides a comprehensive analysis of the role of modern transnational companies (TNCs) in the formation of the socio-economic and geopolitical reality of the information society. The ability of TNCs to quickly convert significant material, financial, legal, and organizational resources into political influence in order to obtain excess profits actualizes the need to study the degree of their influence on traditional institutions of state power. On the one hand, we are talking about the analysis of the TNC phenomenon in the categorical plane of power, legitimacy and sovereignty, taking into account the systemic interaction of corporations with other actors and society as a whole. On the other hand, despite all the economic and social prospects for development that open up for the state, thanks to the entry of TNCs into the national economic and legal space, the question arises about the danger they can pose to the state sovereignty of the host countries. Thus, determining the degree of the threat of TNCs to the state sovereignty of developing countries, as well as the conditions for preserving state legal capacity under the influence of TNCs on the political and socio-economic situation in the country, is an urgent direction of research of an interdisciplinary nature, in which it will be appropriate to combine the methodological tools of theory and history state and law, economics, political science, etc. Given the identified research priorities, the purpose of the article is to analyze the consequences of the activities of TNCs for the national sovereignty of developing countries, as well as to find and justify the necessary conditions for its preservation.
References
1. Ballor Grace A. & Aydin Baris Y. Multinational Corporations and the Politics of International Trade in Multidisciplinary Perspective. Business and Politics, 22(4). 2020. 573-586. DOI:https://doi.org/10.1017/bap.2020.14.
2. Block, Fred L. Postindustrial Possibilities. A Critique of Economic Discourse. University of California Press. 1990. 240.
3. Сohn T.H. & Hira A. Multinational Corporations and Global Production. Global Political Economy: Theory and Practice (8th ed.). Routledge. 2020. DOI:https://doi.org/10.4324/9781003056881.
4. Сulpepper P.D., Thelen K. Are we all Amazon primed? Consumers and the politics of platform power. Comparative Political Studies, vol. 53, no. 2. 2019. 288–318. DOI: https://doi.org/10.1177/0010414019852687.
5. Fuchs D., Lennartz B. Business interest in human rights regulation: Shaping actors’ duties and rights. Critical Review of International Social and Political Philosophy. 2022. 1 24.
6. Ghauri P., Strange R., Cooke F.L. Research on international business: The new realities. International Business Review, vol. 30, no. 2. 2021. 1 11. DOI: https://10.1016/J.IBUSREV.2021.101794.
7. Ietto Gillies G. Transnationality in the XXI century. Concept and indicators. Critical Perspectives on International Business, vol. 18, no. 3. 2022. 338 361. DOI: https://10.1108/cpoib 11 2020 0135.
8. Keohane R., Nye J. Transnational Relations and World Politics: An Introduction. International Organization. Vol. 25. No 3. 1971.329 349.
9. May C. Globalizing state capitalism? Selective internalization of MNCs from emerging economies. In: Mikler J., Ronit K. (eds.). MNCs in global politics. Pathways of influence. Cheltenham, Edward Elgar Publishing. 2020. 30 46.
10. Mikler J., Ronit, K. Introduction: MNCs and their pathways of influence in global politics. In: Mikler J., Ronit K. (eds.). MNCs in global politics. Pathways of influence. Cheltenham, Edward Elgar Publishing. 2020. 1 29.
11. Offe C., Ronge V. Theses on the Theory of the State. Classes, Power, and Conflict. Classical and Contemporary debates. Eds. A. Giddens, and D. Held. London: Macmillan Press Ltd, 1982.249 256.
12. Orts E. The Legitimacy of Multinational Corporations. Progressive Corporate Law. 2019. 247 279. https://doi.org/10.4324/9780429303180 9.
13. Risse, T. Transnational actors and world politics. Handbook of international relations / W. Carlsnaes, T. Risse, B.A. Simmons. CA: SAGE Publications. 2002.256 274.
14. Rosenau, J. Information technologies and the skills, networks, and structures that sustain world affairs. Ed. By J. N. Rosenau and J. P. Singh. Information Technologies and Global Politics: The Changing Scope of Power and Governance. Albany, NY: State University of New York Press. 2002. 275 288.
15. Shever E. Transnational and Multinational Corporations. In The International Encyclopedia of Anthropology, H. Callan (Ed.). 2022. https://doi.org/10.1002/9781118924396.wbiea2079.
16. Сидоров О. А., Фісуненко Н. О., Альошина Т. В. Світова економіка та міжнародні економічні відносини : підруч. Дніпро : Арт прес. 2023. 400 с.
17. Тeichmann F.M. & Sergi B.S. How Multinational Corporations Become Trapped in Terrorism Financing. Compliance in Multinational Corporations. 2018. 69 103. https://doi.org/10.1108/978 1 78756 867 920181004.
18. Тoffler А. The Third Wave. The classic study of tomorrow. Published by Bantam. 1984.560.
19. The World Bank in DRC. Overview. Last Updated: Sep 25, 2023. https://www.worldbank.org/en/country/drc/overview.
20. Тurner S. Transnational Cor porations and The Question of Sovereignty: an Alternative
Theoretical Framework for the Information Age. Southeastern Political Review. Issue Online: 12 November 2008 https://doi.org/10.1111/j.1747 1346.1997.tb00841.x.
21. Williams, S.W. Arming the Third World: The Role of the Multinational Corporation. Multinational Corporations and the Third World. Dixon, C.J., Drakakis Smith, D., & Watts, H.D. (Eds.). Routledge. 2019. https://doi.org/10.4324/9780429036514.
