Human Capital of Transnational Corporations

Abstract

The paper examines human capital of transnational corporations (TNC), as being nowadays the basic subjects of global economic relations and the principal elements of the global economy development. Human capital structure of TNCs is considered, specifics of its formation under the conditions of the ongoing process of production and capital transnationalization are featured. The range of TNCs’ businesses and their specific features are outlined, as well as current strategies, applied by modern TNCs, and various ways through which TNCs tap the world market in the context of globalizing world economy. The author reveals the crucial role of TNCs in developing cutting-edge technologies and scientific and technical potential of national economies, which in turn helps to develop and enhance human capital of TNCs and of international human capital as well.