TRANSNATIONALIZATION OF UKRAINE'S ECONOMY: BENEFITS AND THREATS

Анотація

Transnationalization of the economy means the process of integrating national economies into the global economy through increased international trade volumes, investment operations, technological exchange, and other international economic processes. The benefits of Ukraine's transnationalization of the economy include increasing external trade and investment volumes, raising the level of technological development, and attracting foreign investment, which can increase production capacity and GDP growth. However, there are also threats associated with the transnationalization of the economy, such as loss of control over the national economy, increased economic dependence on other countries, worsening environmental situation, and others. In today's global development conditions, competition at the international level is important not only in the amount of foreign investment attracted but also in their quality. Therefore, improving and preserving Ukraine's economic interests requires regulation of the processes of attracting direct foreign investment flows. As a result of studying and researching the impact of foreign investment on Ukraine's economic development, foreign investors have two main goals: growth of export potential and entry into the domestic market. That is why the study and analysis of Ukraine's transnationalization of the economy is an important direction of economic research and country development. The article discusses the benefits and threats of Ukraine's transnationalization of the economy and its national economy, as well as highlights opportunities to increase competitiveness and attract investment. In addition, possible ways to minimize risks and increase benefits from the process of Ukraine's transnationalization of the economy are considered. Transnationalization can have both positive and negative consequences for the economy of Ukraine. Therefore, it is important to determine what would be more acceptable for our country under modern conditions.

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