Transnational Corporations and the Global Economy

by Richard Kozul-Wright (Editor), Robert Rowthorn (Editor)

Overview

This book brings together papers written by representatives from UN agencies and academics who take a fresh look at the expanding role of transnational corporations and foreign direct investment in the world economy. These papers deal with such issues as the nature and extent of globalisation, the shifting relations between transnational corporations and national economies, and the opportunities and obstacles facing policy makers in the rapidly changing global economy.

Product Details

ISBN-13:	9781349265251
Publisher:	Palgrave Macmillan UK
Publication date:	01/01/1998
Edition description:	1st ed. 1998
Pages:	437
Product dimensions:	5.51(w) x 8.50(h) x (d)

Table of Contents

Preface - Notes on the Contributors - Introduction: TNCs and the Global Economy; R.Kozul-Wright & R.Rowthorn - PART 1: GLOBALISATION IN PERSPECTIVE - Globalisation Myths: Some Historical Reflections on Integration, Industrialisation and Growth in the World Economy; R.Kozul-Wright & P.Bairoch - The Limits of Globalisation; W.Milberg - Multinational Corporations: An Historical Analysis; M.Wilkins - Transnational Service Corporations in the Process of Globalisation; P.Petit - Direct Foreign Investment, Transnational Corporations and Growth: Some Empirical Evidence and a North-South Model; A.Dutt PART 2: TRANSNATIONAL CORPORATIONS, THE STATE AND ECONOMIC DEVELOPMENT - TNCs and Third World States: From the Old Internationalisation to the New; P.Evans - TNCs and Industrial Strategy; H-J.Chang - TNCs and the Nation State; M.Panic - PART 3: LESSONS FROM RECENT EXPERIENCE - New Trends in Japanese Trade and FDI: Post-Industrial Transformation and Policy Challenges; Y.Akyuz - Internationalization of Industrial Firms: Implications for Domestic Growth and Industrial Structure in Small Open Economies; P.Braunehjelm & P.Yla-Antilla - Transnational Corporations in Central and Eastern Europe and in the Former Soviet Union: A Return or a New Beginning?; M.Simai - International Trade, Outsourcing and Labour: A View from the Developing Countries; E.Amadeo - TNCs and Industrial Restructuring: The Case of the Mexican Automobile Industry: M.Mortimer - Index

Editorial Reviews

Thirteen essays caution against the idea that geography and history are of less and less importance and that a complete dismantling of the economic institutions of the nation state will lead to rapid and broad-based development of a global economy. A number of approaches are taken, including: recalling of earlier episodes of globalization; questioning the extent to which a global economy has arrived, or is likely to do so; and describing the very different dynamics resulting from the interaction of national and international forces. Two broad themes underpin the contributions. First, the complexity of the links between domestic economic institutions and transnational corporations are explored. Second, the need for diversity in the design and implementation of economic policy because countries at different levels of development face differing problems is explained. Annotation c. by Book News, Inc., Portland, Or.

Booknews

'This is a timely volume, the contents of which offer a welcome and thought provoking perspective on the interaction between the globalising economy and transnational (or multinational) corporations...well researched and incisively written. I enjoyed, and benefited from, the book immensely...This is a volume which covers a lot of ground and deserves to be widely read. It pinpoints a whole set of important issues which are likely to confront politicians, academic scholars and business leaders over the next half century or more.' - John H. Dunning, The Journal of Development Studies

From the Publisher