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Transnational Corporations as a Long-Term Factor of Economic Modernization at the Local Level (The Russian Black Sea Region Experience)

Nikolay W. Gontar
Abstract: Analysis of economic modernization processes includes a study of the role of MNCs' ties at the local level as a resource and mechanism of modernization/ The MNC and local business integration mechanisms and results in various economy sectors in the Russian Black Sea region (Rostov Region and Krasnodar Region) are analyzed in the article. The forms and tools for including MNC in the processes of restructuring the economy of the Russian Federation regions from the point of view of forming ties at the local level and of management mechanisms providing this result are analyzed for the first time in the Russian research practice.
Keywords: modernization / BLACK / Russian / forming / Economy / MNC / local level / Krasnodar Region

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