 Transnational Corporations and Third World States: From the Old Internationalization to the NewPeter Evans Chapter 6 in Transnational Corporations and the Global Economy, 1998, pp 195-224 from Palgrave Macmillan Abstract: Abstract A generation ago, controversies over the impact of transnational corporations (TNCs) in the Third World were central to scholarly debates on the political economy of development. Articulate defenders of TNCs as effective instruments for spreading prosperity to poor countries (for example, Raymond Vernon, 1968) clashed with theorists of imperialism and ‘dependency’ (for example, Andre Gundar Frank, 1967) who saw foreign investors as bearing prime responsibility for lags and distortions in the progress of Third World countries. In this debate the Third World state was set up as the principal opposing political force. Critics of TNCs hoped that states might correct distortions and speed up growth by bargaining with TNCs or excluding them. Proponents of TNCs saw states as carriers of irrational nationalism, whose parochial fear of TNC economic power robbed their countries of a crucial source of economic betterment. Keywords: Poor Country; World Country; Local Firm; World State; Transnational Corporation (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-26523-7_7 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-26523-7_7 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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