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Integrated Corporate Structures in the World Crisis Conditions

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Author(s): Yuriy UMANTSIV

Journal: Journal of Settlements and Spatial Planning
ISSN 2069-3419

Volume: 2;
Issue: 2;
Start page: 115;
Date: 2011;
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Keywords: globalization | international relations | transnational corporation | integrated corporative structures | financial crisis

ABSTRACT
The main factors determining the current stage of globalization of world economy are analysed. It is proved that globalization in the near future will determine the trends of the global economic system. Under the influence of globalization processes, enterprises’ strategies are changing in the direction of expansion of branches and subsidiaries in regional or global scale. It is proved that the globalization of markets leads to global competition. It was found that the effects of globalization are ambiguous as to their impact on competition. On the one hand, there is a tendency to monopolization of the world's transnational corporations, while the other – intensifying competition in national markets, where international companies weaken the power of local monopoly entities. For the purpose to research the concept of "globalization" it was revealed its inherent features. First, globalization is manifests itself in the integration processes that take place between certain countries which has as a result deepening interdependence of the economies of the world. Second, the special feature of globalization processes is its uneven progress between different countries. That is, despite the fact that countries may be geographically located near the degree of their participation in globalization processes may be different, due to a number of subjective and objective factors. Thirdly, the development of globalization processes has a strong connection with the development and implementation of innovative technologies in all spheres of economic life. Fourth, globalization processes are prior to liberalization processes in the country that facilitate raise their level of openness.
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