THE INFLUENCE OF TRANSNATIONAL COMPANIES ON THE EMERGENCY ECONOMIES DEVELOPMENT (ON THE REPUBLIC OF KOREA EXAMPLE)
Abstract
The contribution of large multinational companies to the development of emergent countries is considered in the article. Attention is paid to the peculiarities and differences of transnational companies that have developed in emergent economies. The example of the Republic of Korea shows how much TNCs influence the development and specialization of the economy of the country of origin. Attention is drawn to the factors that make the Republic of Korea such a significant level of economic development. The importance and significance of such factors as the type of economy of the Republic of Korea and the socio-psychological characteristics of Koreans are noted. The course and dynamics of the economic development of the Republic of Korea are analyzed. The “Korean” type of multinational corporation bee was considered. The historical and economic prerequisites for the emergence of chaebol are considered. Their path of development and periods of growth and decline are explored. The role of bees in the “economic miracle” of the Republic of Korea has been identified and shown. The study considered: the path of development, scope and impact on the global economy of the largest TNCs of the Republic of Korea – Samsung. Consideration has been given to changing Samsung’s specialization since 1938, when the company began as a rice trader, ending today. The main stages of development are covered and the current state of this TNC is evaluated. All available business areas of Samsung were covered. The factors that have made Samsung such a successful and diversified corporation have been considered and identified. As a result of the analysis, the main reasons for the rapid economic growth of the Republic of Korea were identified. The importance of individual factors in the economic growth of the Republic of Korea is revealed. The specialization of emergent countries is investigated. The main features and differences of emergent economies and companies operating in the territories of such countries are summarized.
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