Economic Globalization as a “Disembedding” Force?

Philipp Aerni ()
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Philipp Aerni: Center for Corporate Responsibility and Sustainability (CCRS) at the University of Zurich

Chapter Chapter 6 in Global Business in Local Culture, 2018, pp 61-72 from Springer

Abstract: Abstract Emerging large corporations in the 19th century may have caused the disembedding of traditional societies without offering any immediate positive alternative to the originally very repressive system of feudalism. FDI in low-income countries faces similar challenges today. However, MNEs that are willing to embed themselves into the local economy in a responsible way may contribute more to economic empowerment, inclusive growth and sustainable change than foreign aid.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-3-030-03798-7_6

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DOI: 10.1007/978-3-030-03798-7_6

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