TNCs: The New Custodians of Development?

Sanjaya Lall

Chapter 9 in Global Development Fifty Years after Bretton Woods, 1997, pp 169-191 from Palgrave Macmillan

Abstract: Abstract This paper intends to update and expand on aspects of Gerald Helleiner’s masterly (1989) survey of transnational corporations (TNCs). It looks in particular at whether TNCs will be the new ‘custodians of development’ and whether fully liberal policies on their entry, currently in vogue in the mainstream analysis of development, may be recommended to developing countries.

Keywords: Host Country; Foreign Investment; Market Failure; Technological Capability; Local Firm (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25570-2_9

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DOI: 10.1007/978-1-349-25570-2_9

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