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There is inherent tension between the increasingly global focus of foreign investors and the continuing national focus of governments. Countries, particularly developing ones, compete to attract investment from global corporations, and they attach performance requirements to tilt the impact of those investments in their favor. This is because the host nations expect investment to raise growth levels, efficiency, and living standards. At the same time, the home countries of such corporations worry that their firms are not accorded fair and reciprocal treatment abroad. These issues have become a source of conflict among nations, one that could escalate considerably if an agreement is not soon reached. Graham's study analyzes the nature and depth of the international investment problem and its potential impact on the world economy and on economic relations among nations. He urges that current rules on foreign direct investment be enlarged and restructured via new international rules and institutional arrangements and offers two alternatives for doing so.
We have long been told that corporations rule the world, their interests seemingly taking precedence over states and their citizens. Yet, while states, civil society, and international organizations are well drawn in terms of their institutions, ideologies, and functions, the world's global corporations are often more simply sketched as mechanisms of profit maximization. In this book, John Mikler re-casts global corporations as political actors with complex identities and strategies. Debunking the idea of global corporations as exclusively profit-driven entities, he shows how they seek not only to drive or modify the agendas of states but to govern in their own right. He also explains why we need to re-territorialize global corporations as political actors that reflect and project the political power of the states and regions from which they hail. We know the global corporations' names, we know where they are headquartered, and we know where they invest and operate. Economic processes are increasingly produced by the control they possess, the relationships they have, the leverage they employ, the strategic decisions they make, and the discourses they create to enhance acceptance of their interests. This book represents a call to study how they do so, rather than making assumptions based on theoretical abstractions.
Monograph on the role of multinational enterprises in the international economic system - examines relationships between the multinational enterprise and the State, and covers investment policy trends of multinationals, theoretical and social implications, etc. References.
Based on the proceedings of a conference held in late 1973 under the joint auspices of the Center for International Business, Pepperdine University and the UCLA Graduate School of Management.
The purpose of this book is to critical power of multinational corporations those control politic, education system, wages and government. Multinational corporations (MNCs) are an economic, political, environmental and cultural force that is unavoidable in today's globalized world. The powerful managers within multinationals, whose decisions affect thousands of workers, national economic, the environment and more, are not elected. New larger governmental institutions need to exist that can regulate business more widely, and therefore empower democracy .The heads of large companies have massive power over staff, employment, industry, national economies and the environment and yet are not elected nor publicly accountable for their actions. Supra-national organizations, staffed by those on the payroll of elected governments, empower democracy with renewed control.
This book offers an outlook on relations in the 21st century between national governments and multinational companies.
Looks at issues of corporate responsibility globally, at companies in developing countries facing important challenges within their own countries.