The Factors of Modern Competetiveness

Abstract

The world market today is a major component of the world economy which is composed of the general publics’ sphere of demand and the supply and exchange of commodities and services. It also includes commodity-money relations between countries which are connected to participation in the international division of labour. World economic relations are expanding and national borders are constantly being altered owing to the development of globalization. Countries which engage in such market exchanges mutually benefit one another while economically weak ones have a lot of drawbacks. This is because they cannot withstand the competition, which due to processes of globalization is increasing and reaching a Hyper level. This article is devoted to analysis of competitiveness of business structures in Russia in globalization conditions. The publication focuses on the development of transnational corporations amidst hyper-competitive conditions. Specific problems and prospective solutions are mentioned which Russia has been forced to in the 21 century. Nowadays it is paid a big attention to the branches which are connected with information technology. Thus, Russia that is rich in a vast reserve of scientists and various technical and scientific organizations has benefits in this field. Russian enterprises may get advantages from the globalization processes and raise their position in the world economics. DOI: 10.5901/mjss.2015.v6n5s2p411