ECONOMIC SECURITY OF COMPANIES IN THE CONDITIONS OF GLOBAL COMPETITION

A new level of development of global competition and transnationalization processes leads to increased interdependence of business entities, and changes traditional ideas about the specifics and structure of international relations and factors of ensuring economic security of companies in the world economy. This determines the purpose of the research as determining the features and content of the processes of ensuring the economic security of companies in the context of global competition. The methodological basis of the study is the fundamental provisions of the theories of globalization, economic security and corporate governance. The methodological apparatus of the study is based on: the dialectical method of cognition, systematization and generalization (when structuring the main components of international security of business entities in the economic context and determining the need to study the economic security of companies in relation to the international economic security of the State); scientific abstraction and explication (when studying the interaction of "atomized" business structures (producers and consumers) in the market in the current conditions of socially regulatory division of labor and specialization). The results of the study show that in the context of globalization, companies have to switch to new business models in order to attract capital, generate profits and ensure their own economic security. This is due to the qualitative specifics of the new model of global economic development and the growing interdependence on global factors. It has been proven that, the modern business environment is developing on the principles of a new kind of integrity of the global economic system, which in turn ensures the formation of global determinants of the functioning of enterprises both in the national and world markets. The dynamic nature of globalization processes determines the objective necessity of the essential transformation of economic security of business entities as a functional system, based on its continuous improvement. The features of globalization processes displays on economic security of economic agents were determined considering a new model of world economy development.