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FEATURES OF LEGAL MAINTENANCE OF TRANSNATIONAL CORPORATIONS

Journal: LAW AND INNOVATIONS (Vol.1, No. 9)

Publication Date:

Authors : ;

Page : 75-80

Keywords : transnational corporation; innovative activities; innovative development; globalization; internationalization;

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Abstract

Problem setting. The actual important issue is the unification and improving the system of legal norms, with activities to ensure the establishment and operation of transnational corporations. Thus, along with the unification of international law, the current task is also improvement of national legislation in this area. Therefore, the consistent implementation of state policy of innovation programs development through economic and legal mechanisms should ensure the protection and flexible integration of national economies into a modern innovative economy in the world. Analysis of recent researches and publications. In particular, a theoretical background for this research was amounted by works of such scholars as: Y.Y. Atamanova, O.M.Vinnyk, O.A. Horodovyy, V.A. Denysyuk, D.V. Zadyhaylo, Y.M.Kapitsa, H.D. Kondratyev, V.M. Kryzhna, B.I. Mints, N.M. Myronenko, O.P.Orlyuk, I.Y. Pohrebnyak, S.F. Revutskyy, O.D. Svyatotskyy, I.V Spasybo-Fateeva, E.Y. Volynets-Russet, V.M. Hayvoronskyy, V.A. Dozortsev, O.M. Davydyuk, P.P. Kraynyev, V.K. Mamutov, D. Daniels and works of other native and foreign experts. Target of research. On the basis of handling modern economic and legal researches the author proposes an analysis of activities and influence of transnational corporations as subjects of private economic power in the world economy. Also the author of this article draws attention to the problem of the legislative and executive branches of government in Ukraine in realization of the state innovation development programs for flexible integration of national economies into a modern innovative economy in the world. Article’s main body. So, the national law sets the rules for the regulation of organizations (groups of) entities, defining for them a particular organizational form. Among the necessary steps that will help to achieve substantial improvements in the innovation field, it should be noted, in particular, the following: eliminating legislative contradictions between a number of rules and legal acts of subordinate content, containing relevant laws governing the certain relations of innovative character; creating of systematic and coherent public policy in innovation area and, accordingly, uniform application of terms in this area. Conclusions and prospects for the development. In the context of the above, it should be noted the following: analysing areas of TNCs indicates that "high" science intensive technologies is a determining vector of economic development in the twenty-first century, and the state should accordingly create both legal and economic mechanisms provided for protection and flexible integration of national economies into a modern innovative economy in the world. In particular for implementation of these goals, the state should consolidate the most progressive intellectual resources of nation (including modernization of material and technical basis and increasing of spending on the development of innovative economy) and at the legislative level - settting limits of concentration of economic power for all of its subjects, and also setting the mode of checks and balances in the interaction between them.

Last modified: 2016-05-17 16:33:12