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Why Multinationals Help Reduce Poverty1

Author

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  • Jagdish Bhagwati

Abstract

Over the years, multinationals have attracted both friends and enemies. Foes have argued that they exert adverse influences on the well‐being of poor countries in general, and their poorer citizens in particular. Friends have argued that in their wake, multinational corporations bestow on host economies a variety of benefits primarily, but not exclusively, via spillover effects of various sorts. This paper provides a detailed reappraisal of the issues involved and argues that if their adverse effects can be removed by appropriate domestic policies, multinationals can have a potentially major role to play in the alleviation of poverty.

Suggested Citation

  • Jagdish Bhagwati, 2007. "Why Multinationals Help Reduce Poverty1," The World Economy, Wiley Blackwell, vol. 30(2), pages 211-228, February.
    • Handle: RePEc:bla:worlde:v:30:y:2007:i:2:p:211-228
    DOI: 10.1111/j.1467-9701.2007.00879.x
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    References listed on IDEAS

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    1. Drusilla K. Brown & Alan V. Deardorff & Robert M. Stern, 2009. "The Effects of Multinational Production on Wages and Working Conditions in Developing Countries," World Scientific Book Chapters, in: Globalization And International Trade Policies, chapter 17, pages 623-687, World Scientific Publishing Co. Pte. Ltd..
    2. Edward M. Graham, 2000. "Fighting the Wrong Enemy: Antiglobal Activists and Multinational Enterprises," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 91, October.
    3. Jagdish N. Bhagwati, 2004. "In Defense of Globalization: It Has a Human Face," Rivista di Politica Economica, SIPI Spa, vol. 94(6), pages 9-20, November-.
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    1. Zimmermann, Ekkart, 2011. "Globalization and terrorism," European Journal of Political Economy, Elsevier, vol. 27(S1), pages 152-161.

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