Global political economy and the power of multinational corporations

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global political economy and the power of multinational corporations

U.S. Power and the Multinational Corporation: The Political Economy of Foreign Direct Investment by Robert Gilpin

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Published 26.12.2018

The Global Power Elite: A Transnational Class

Multinational Corporations MNC are important transitional agents in the contemporary global political economy. Although they can be viewed as economic actors following the logic of international market, their activities inevitably arouse questions of national power. Not surprisingly, such questions are most pronounced in the study of developing countries where weak government and societies potentially give the MNC strong bargaining position.
Robert Gilpin

The Promises and Perils of Multinational Corporations: the Nigerian Experience

Citation Download PDF. DOI: Several theories of multinational enterprises were reviewed and how these theories, as well as the activities of the multinational firms, relate to the development of the Nigerian economy. Arguments put forward by different scholars were also discussed. Finally, it was recommended that for the Nigerian economy to develop, conscious actions have to be taken to move the economy from an import dependent to an exporting economy.

Forgot password? Don't have an account? Multinational corporations MNCs have become quasi-governmental institutions with vast amounts of power and influence over social and societal life in general. This chapter explores the quasi-governmental role of MNCs, first by analyzing corporate power and its public nature. It then looks at the sources of corporate power in the global political economy and argues that corporate political power today is essentially structural in nature.

Academic journal article Journal of Third World Studies. There is no doubt today that multinational corporations MNCs , also called transnational corporations, which are companies with their parent headquarters located in one country and subsidiary operations in a number of other countries host countries , are the principal actors in global political economy. The MNCs view the world as a single entity.
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INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE AND BUSINESS ADMINISTRATION

In addition to the conventional focus on market access, recent trade agreements have included provisions related to other aspects of trade, such as investment protection, dispute settlement mechanisms, and escape clauses that enhance flexibility., Presently, globalization and the world economy maintain power relations that hamper the economic integrity and the political autonomy of the developing world. My paper addresses specific economic conditions that perpetuate poverty and poor health.

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