TRANSNATIONAL COMPANIES AND THEIR TECHNOLOGICAL POWER - INVESTMENTS IN TECHNOLOGY DEVELOPMENT AND TECHNOLOGY TRANSFER
Journal
Economic Development, JOURNAL OF THE INSTITUTE OF ECONOMICS - SKOPJE
Date Issued
2018-12
Author(s)
Iskra Stancheva-Gigov
Abstract
Transnational companies (TNCs) as one of the main actors of globalization have a major influence on the overall development of society. The size and
power of TNCs is enormous, with the very fact that they are closely monitored
and analyzed by analysts and creators of economic opportunities. Their number, capital, number of employees, technological power and profits they make
during their operations give them meaning that must be noted and respected.
TNCs engage entire team of scientists, as well as realize the most perfect technical and technological achievements in order to be able to realize maximum
profits in their operations. In this context, this paper recognizes the role and
significance of TNCs in the development and transfer of technology.
Research shows that TNCs play a major role in global innovation in
most developed countries and implementing new technologies in production.
Their research and development funds are approximately half of the world’s
total costs, or more than two-thirds of the world’s businesses for the same purpose. Also this paper shows that the largest TNCs have the main role in transfer
of technology, especialy those from developed countries where technological
advancements are on the highest level and from where originate the greatest
innovations.
power of TNCs is enormous, with the very fact that they are closely monitored
and analyzed by analysts and creators of economic opportunities. Their number, capital, number of employees, technological power and profits they make
during their operations give them meaning that must be noted and respected.
TNCs engage entire team of scientists, as well as realize the most perfect technical and technological achievements in order to be able to realize maximum
profits in their operations. In this context, this paper recognizes the role and
significance of TNCs in the development and transfer of technology.
Research shows that TNCs play a major role in global innovation in
most developed countries and implementing new technologies in production.
Their research and development funds are approximately half of the world’s
total costs, or more than two-thirds of the world’s businesses for the same purpose. Also this paper shows that the largest TNCs have the main role in transfer
of technology, especialy those from developed countries where technological
advancements are on the highest level and from where originate the greatest
innovations.
Subjects