Abstract
The multinational enterprise is emerging as the dominant form of productive unit in the contemporary world capitalist system. Orthodox economic indicators provide some familiar evidence about the importance of this new form of private enterprise.1 But this evidence, though impressive, does not by itself reveal the qualitative change involved in the emergence of multinational enterprise. This new form of organisation, based upon a flexible internal structure and on the capacity to mobilise vast resources towards the development of new technology, can effectively integrate and orchestrate world-wide operations, thus acquiring a monopolistic control over key sectors of production. Multinational enterprise marks a new stage in the process of concentration and centralisation of capital on a world scale.
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Notes
Seymour J. Rubin, ‘Harmonization of Rules: A Perspective on The U.N. Commission on Transnational Corporations,’ 8 Law and Policy in International Business, 875 (1976).
John W. Sewell and the staff of the Overseas Development Council, The United States and World Development Agenda 1977, (London: Praeger Publishers, 1977).
R. Lillich, The Protection of Foreign Investment, 147 ( New York: Syracuse University Press, 1965 );
William P. Macht, ‘Financing Developing Countries Enterprises Through the Overseas Private Investment Corporation (OPIC)’, 3 Law and Policy in International Business, 469 (1971).
International Bank for Reconstruction and Development, Policies and Operation: The World Bank, I.D.A. and I.F.C., 31 ( Washington: June 1971).
Stanley D. Metzger, ‘The Act of State Doctrine and Foreign Relations,’ 23 University of Pittsburgh Law Review, 881 (1962);
Richard Falk, ‘Toward a Theory of the Participation of Domestic Courts in the International Legal Order: A Critique of Banco Nacional de Cuba v. Sabbatino’, 16 Rutgers Law Review, I (1961).
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© 1978 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Faundez, J., Picciotto, S. (1978). Introduction. In: Faundez, J., Picciotto, S. (eds) The Nationalisation of Multinationals in Peripheral Economies. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-03619-6_1
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DOI: https://doi.org/10.1007/978-1-349-03619-6_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-03621-9
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