The Multinational Corporation and the Nation State
The multinational corporation (MNC)1 has been acclaimed as an agent of development and has been condemned as a weapon of exploitation. Those who have acclaimed it have argued that what they believe to be the likely future decline of official aid makes it even more advisable than before to switch attention to direct private foreign investment as an external source of development finance. Those who have condemned it point to the small or negative resource transfer, and some advocate expropriation.
KeywordsHost Country Foreign Firm Domestic Firm Multinational Corporation Parent Company
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- Edith T. Penrose, The Large International Firm in Developing Countries ( Cambridge, Mass., 1969 ) p. 273.Google Scholar
- For evidence of limited local training see J. N. Behrman, ‘Foreign Investment and the Transfer of Knowledge and Skills’, in R. Mikesell (ed.), U.S. Private and Government Investment Abroad (University of Oregon Books, 1962 ).Google Scholar
- Gunnar Myrdal, An International Economy (London, 1956) and Chapter 1, p. 9, of this book.Google Scholar