Transnational Corporations in the Modern System of International Relations

Abstract

Transnational corporations (TNC) are today increasingly intensifying their infl uence on the shaping of world politics. Their status as non-state actors in international relations makes it possible for them to actively join in the resolution of the most important issues and problems of world politics — functions that were previously left to the competence of nation-states. TNCs sponsor, lend to and invest in national economies, and in some cases manage them directly. Russia hosts both its own TNCs, which consider the Russian Federation their country of origin and home base, as well as representations of foreign transnationals. The activities of these cross-border entities, which have extensive capabilities and resources with which to infl uence the national economy and policy, need special forms and methods of state regulation. In order to eff ectively regulate the activities of TNCs in the political system of Russia, a system of institutions or specialized bodies is required to perform these functions.

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