Processes of transnationalisation and regionalization in the context of global development

Abstract

The article describes the essence of the processes of transnationalization and regionalization in the context of the modern world economy. The author stipulates that the processes of transnationalization and regionalization have turned into the main structureforming factor in the development of the world economy as well as proves that current development of integration processes in the world economy is characterized by two main trends, which are global and regional. Global and regional trends create a new multisystem configuration of global economic space. The increase in intra-regional trade with neighboring countries is not limited to trade with highly developed countries where this kind of trade is a sign of deepening intra-sectoral specialization and cooperation. For developing countries, intra-regional trade increased allows selling goods, which are not competitive on more developed and more saturated markets. Besides, intra-regional trade development stimulates the expansion of institutional structures of TNC and increases the volume of intra-regional trade through the incompany exchange. Economic convergence of countries in territorial and spatial aspects together with dynamic activities of TNC contributed to the creation of new forms of organizing the work of various economic actors engaged in carrying out production, demand, management, exchange of goods etc.