 Multinational firms and the extractive sectors in the 21st century: Can they drive development?Journal of World Business, 2018, vol. 53, issue 1, 85-91 Abstract: Historically, extractive sector MNEs have been seen as an obstacle to sustainable development, because they operated in enclaves with limited local engagement. Import-substitution policies aimed to increase the local benefits of these resources, restricting FDI. Since liberalisation, extractive MNEs have re-engaged with developing countries through looser governance structures with greater potential for linkages. Despite the increased potential, few host countries have seen meaningful MNE-led development because of weak domestic firms and poor location advantages. New MNEs from emerging economies have also not shown a greater propensity to local linkages. Only countries that have continued to invest in location advantages have seen substantial benefits. Keywords: Sustainable development; MNEs; Linkages; Emerging economies; Extractives; Natural resources; Infrastructure (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:worbus:v:53:y:2018:i:1:p:85-91 Ordering information: This journal article can be ordered from DOI: 10.1016/j.jwb.2017.09.004 Access Statistics for this article Journal of World Business is currently edited by David Collings and Jonathan Doh More articles in Journal of World Business from Elsevier |
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