Transnational corporations already control up to half
of the world’s industrial production, 63% of foreign trade, about 4/5 of
patents and licenses for new technology and know-how. They control 90% of the
world market for wheat, coffee, corn, timber, tobacco and iron ore, 85% for the
copper and bauxite market, 80% for tea and tin, 75% for bananas, natural rubber
and crude oil 6. This allows influencing substantially the internal and
external policies of states and successfully avoiding control on their part
7. This applies to a certain extent to all international legal entities
(established in force or in the presence of an international treaty or other
international constituent instruments) 8 entering into international economic
relations. Their importance is growing steadily, evidencing also the tendency
to the unification of interstate interests at the economic-subjective level,
which inevitably leads to the emergence of integration processes that promote
regulation of relations between subjects and orientation to private law norms
of a universal nature.

Today, the disruption of the interests of the state
and large transnational business is maturing, alienation between them is
increasing. Transnational corporations are interested in ignoring burdensome
national rules. Legislators often develop national norms as if
forgetting about the existence of international relations.

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The activities of transnational corporations and a
number of international economic organizations testify to the absence of formal
democratic procedures – regulation is carried out essentially by administrative
methods. For example, by providing loans, the International Monetary Fund actually
directly defines the program of action of the governments of the respective
states. In general, globalization in many respects blurs the
boundaries between the internal and external spheres of economic activity while
transforming external factors into internal ones.

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