Transnationalization as a factor in attracting foreign investment and the diversification of the Russian economy
The article considers features of transnationalisation at the present stage and explores possibilities and the necessity of Russia's accession to the process. The author examines problems connected with the attraction of foreign investments into the country and analyzes the sectoral structure of the Russian economy. In the course of the analysis she points out Russia's dependence on foreign capital, marks characteristics of the presence of foreign companies in the national market. Special attention is paid to the promising areas of development of domestic multinationals, requirements and conditions of the presence of foreign TNCs in the domestic Russian market. Transnationalization of domestic economy and production as a factor in attracting investment resources in the country and diversify of the industry requires enhancing of national economic entities in the world integration process through the attraction of foreign direct investment and the formation of the transnational nature of business. It will help to protect national economic interests and to contribute to the further development of domestic economic structures, internationalization of production and capital, integration of Russia into the world economy. In general it will create conditions to transfer a country to a new level of development. To take full advantage of the deployment of the activities of foreign TNCs in markets, Russia should determine the appropriate policies to transfer new technologies and the influx of real transnational capital and generate long-term national development strategy, taking into account the negative impact of attracting cross-border financial resources on the national economy.