Globalization and the End of Competition: a Critical Review of Rent-seeking Multinationals

Pervez N. Ghauri

Chapter 5 in The Challenge of International Business, 2004, pp 83-100 from Palgrave Macmillan

Abstract: Abstract This chapter suggests that, for a variety of reasons, there is likely to be a renaissance of critical writing on the multinational enterprises (MNEs) in the first decade of the new millennium. The chapter first revisits the critical literature on MNEs of the 1950s to 1970s, in order to refresh our minds on the basis for that criticism. It then suggests a number of areas on which criticism is likely to focus — the strategy of multinational firms, bargaining power of multinationals versus the state, development issues, the decline of competition, and distributional issues (affecting unskilled workers in particular). These are old concerns, but the problems are emerging in new ways because of the new configuration of the globalizing economy.

Keywords: Foreign Direct Investment; Host Country; Foreign Investment; Bargaining Power; International Business (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50864-4_5

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DOI: 10.1057/9780230508644_5

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