Competition. Motives for transnationalization (globalization) (most important)

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Competition. Motives for transnationalization (globalization) (most important)

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46. Motives for transnationalization (globalization)

By creating transnational production complexes, TNCs get the opportunity to better use the advantages of the modern international division of labor and expand the international concentration of production, put natural and human resources, the scientific and technical potential of other countries at their service, penetrate their markets from the inside, bypassing customs barriers.

Transnationalization process monopoly capital exacerbates the inter-monopoly struggle, competition for dominance in the global competitive economy.

Globalization to take advantage of selected advantages in other countries. In the search for "global" strategies, many companies are now abandoning the opportunities they have in the existing diamond for their own countries. In order to benefit from research abroad, companies must have highly skilled people in their overseas home base and develop a high level of research effort. To benefit from research conducted abroad, companies must provide access to their own ideas, recognizing that competitive advantage comes from long-term improvements, not from protecting today's secrets.

Globalization along with ease of transportation and communication led to growth subcontracting with companies that have relocated a lot of production capacity to regions with low wages, low taxation and low utility costs. Subcontracting certain activities to outside firms to reduce input costs can reduce local pressures. The globalization of competition allows firms to achieve competitive advantage regardless of location by coordinating their activities across a wide range of countries.

At the same time, globalization has not canceled the importance of choosing a location in the competitive struggle. In the hundreds of industries that were surveyed (including the service industry and emerging industries such as software engineering, new materials development, and biotechnology), world leaders tend to be headquartered in only a few countries, and sometimes even in one country. The geographic concentration of leading firms in their respective countries demonstrates even more clearly the importance of location in order to compete successfully.

Author: Ilyina V.N.

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