How do Russian state-owned TNCs improve the country’s competitiveness?

Abstract

In the article, the authors analyze Russian state-owned TNCs and their influence on the country’s competitiveness. Due to economic uncertainty and geopolitical tensions the governments use politics focused on liberalization with elements of governmental control. In Russia state-owned TNCs conduct their business operations in the main industries of the economy and represent the majority of Russian multinationals. One of the main peculiarities of Russian state-owned TNCs is that they spend a great part of their budgets on socially oriented projects that improve health and education of their employees, country’s infrastructure etc. All this aspects improve the country’s competitiveness index, i.e. the pillars related to humanitarian aspects.