Мухаммед Умар Инува роль транснациональных корпораций

2020 № 2 (70) Вестник Ростовского государственного экономического университета (РИНХ)
Investment serves as a major source 
of economic growth in any country, Nige-
ria inclusive; whether it is from domestic 
or foreign sources, its importance is crucial 
for sustainable economic performance. 
Economic role of transnational corpora-
tions (TNCs) is simply to channel physical 
and financial capital to countries with capi-
tal shortages. As consequence, wealth is 
created, which yields new jobs directly and 
through «crowding-in» effects. In addition, 
new tax revenues arise from transnational 
corporations‘ generated income, allowing 
developing countries to improve their in-
frastructures and to strengthen their human 
capital. By improving the efficiency of 
capital flows, transnational corporations 
reduce world poverty levels and provide a 
positive externality that is consistent with 
United Nations‘ (UN) mission — countries 
are encouraged to cooperate and to seek 
peaceful solutions to external and internal 
conflicts (Quinlivan, 2005). In all, transna-
tional corporations (TNCs) can spur eco-
nomic activities in developing countries and 
provide an opportunity to improve the qual-
ities of life, economic growth, and regional 
and global commons (Litvin, 2002) [5]. 
Activities of transnational corpora-
tions are supportive to the growth and de-
velopment of many countries including 
Nigeria. Transnational corporations are 
capable of contributing to the growth of 
real output direct investment in production 
of tangible goods in economy. Presence of 
transnational corporations in host countries 
reduces the host countries‘ propensity to 
import and leads to increased competition 
in the host countries which promote effi-
cient allocation of production resources 
(Bakare, 2010). Nigeria has witnessed high 
inflows of foreign direct investment as a 
result of investment in the Global System 
of Mobil (GSM) telecommunication. Oil 
sector of economy has also witnessed an 
increased level of FDI as evidenced by in-
creasing numbers and operations of oil 
transnational corporations in country, 
transnational corporations transfer tech-
nology directly to their foreign owned en-
terprises and indirectly to domestic owned 
firms in host countries [6].