Abstract
One convenient way of dealing with the study of restrictive business practices and development is to consider the world economy in a two-sectoral sense. Assume, for instance, that there is a restrictive business practices intensive sector that is broadly called developing countries. The reasons why this can be called a restrictive business practices intensive sector have already been discussed—namely, the nature of the markets in which transnational corporations are found, the reliance of developing countries on such corporations for trade and production, and the absence of adequate controls for dealing with such practices. Developed countries, however, usually have controls for regulating restrictive business practices. Therefore, in all probability the developing-countries sector is likely to have a higher incidence of such practices than is the developed-countries sector. We are in no position to establish the precise extent of this. Developed countries cannot be regarded as a nonrestrictive business practices sector, however. The reason for this is that although such practices are controlled, they are not completely eliminated.
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Notes
See G. Myrdal’s reflections on economic development contained in Myrdal, Economic Theory and Underdeveloped Regions (London: Druckworth, 1959).
See ILO, Basic Needs Strategy (Geneva, 1976).
See C. Thomas, “Diversification and the Burden of Sugar to Jamaica,” New World 5, nos. 1 and 2 (1969).
See also G. Beckford, Persistent Poverty (London: Oxford University Press, 1972).
UN General Assembly Resolutions 3201 (S-V1) and 3202 (S-V1) of May 1974.
See the studies by N. Girvan, Copper in Chile (Mona: University of West Indies, 1972).
ILO, Tripartite Declaration of Principles concerning Multinational Enterprises and Social Policy (Geneva, 1977).
See C. Vaitsos, Intercountry Income Distribution and Transnational Enterprises (Oxford: Oxford University Press, 1974).
S. Lall and P. Streeten, Main Findings of a Study of Private Foreign Investment in Selected Developing Countries (Geneva: UNCTAD, 1973).
J. Schumpeter, Capitalism, Socialism and Democracy (London: Unwin University Books, 1954).
See UNCTAD, “Strengthening the Technological Capacity of Developing Countries,” Resolution 87 (IV), 1976.
UNCTAD, Transfer of Technology (Geneva, 1976).
UNCTAD’s work on the Code of Conduct for Technology has this as a major concern.
UNCTAD, The Role of Transnational Corporations in the Trade in Manufactures and Semimanufactures of Developing Countries (Geneva, 1975).
UNCTAD, Dominant Positions of Market Power of Transnational Corporations: Use of Transfer Pricing Mechanism, ST/MD/6/Rev. 1 (Geneva 1977).
Ibid.
Lall and Streeten, Main Findings.
OECD, Export Cartels (Paris, 1974).
OECD, Market Power and the Law (Paris, 1970).
UNCTAD, for example.
UN, Multinational Corporations in World Development (New York, 1973), p. 52.
C. Vaitsos, Employment and Foreign Direct Investments in Developing Countries: Some Notes and Figures, Junta del Acuerdo de Cartagena, Document J/Aj/35/Rev. 1 (Lima, 1973).
Ibid.
UN, Multinational Corporations, p. 49.
Lall and Streeten, Main Findings.
Ibid.
UN, Multinational Corporations, p. 54.
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© 1981 Martinus Nijhoff Publishing
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Long, F. (1981). Development Implications of Restrictive Business Practices. In: Restrictive Business Practices, Transnational Corporations, and Development. Dimensions of International Business, vol 2. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-8150-8_6
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DOI: https://doi.org/10.1007/978-94-009-8150-8_6
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