Developing Countries and Multinational Corporations

Effects on Host Countries' Welfare and the Role of Government Policy

image of Developing Countries and Multinational Corporations




These extracts from two recent studies of the multinational corporation (MNC), eminent by virtue of their status and their comprehensiveness of scope, capture the essential problem posed by the emergence of this phenomenon. The MNC has come of age: it dominates the international economic scene in the non-Socialist world and is even making incursions into many Socialist countries; it has grown far beyond its traditional confines of primary product extraction to many branches of manufacturing industry, commerce, tourism, banking and other services; and it has created around itself an aura of superiority, dynamism and power, all the myths and symbols that accompany the rise of a new social force.


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