China and Transnational Corporations: Cooperation vs Competition

Abstract

For Kazakhstan, the Chinese experience of successfully integrating into the world economic space and building a competitive economy, assessing the role of foreign TNCs in improving the strategy for modernizing the domestic economy in order to find answers to the challenges of globalization is of great importance. The authors state in the interests of the structural reconstruction of the PRC economy, the Chinese state encourages the activities of foreign TNCs, while at the same time conducting a controlled transnationalization of the national business. The issues of the entry of the national economy into the global economy, the features of the international division of labor, the role of TNCs, the development of global value chains are considered in the works of I. Wallerstein, T. Ozawa, S. Amin, J. Schumpeter, W. Rostow and other authors. The authors rely on methods offered by a number of sciences. Competitiveness, achieved through the cooperation of the PRC with foreign TNCs and the practice of protectionism of the Chinese state for national TNCs, enables the country to take key positions in the global economy.