Statistical Analysis of the Influence of TNC on the Functioning of National Economics on the Global Market

Abstract

The conducted study showed that transnational corporations (TNCs) play a decisive role in the process of adaptation of countries to the challenges of economic globalization, especially for countries with a low level of economic development. Correlation analysis confirmed the hypothesis regarding the importance of foreign direct investment (FDI) in the economy of countries due to the expansion of TNCs. This contributes to scientific and technical progress, the increase of production capacities and the activation of the international movement of factors of production, which positively affects the gross domestic product (GDP). Two-factor cluster analysis showed that the country's position in the world economy depends significantly on the activities of TNCs and the volume of FDI. Based on the results of the Euclidean distance calculation, four clusters were formed, each of which contains countries with a different level of economic development. This confirms the dependence of national economies on financial investments made by TNCs.