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Social Capital and Multinationals

In: Multinationals in their Communities

Author

Listed:
  • Ian W. Jones

    (University of Oxford)

  • Michael G. Pollitt

    (University of Cambridge)

  • David Bek

    (University of Cambridge)

Abstract

We live in world of rising concern about the contribution of multinationals to society. Naomi Klein’s (2000) No Logo and Noreena Hertz’s (2001) The Silent Takeover have raised the spectre of global corporations who show little concern for their effect on vulnerable host communities and who are more powerful than many of the governments that welcome them across their borders. As such multinationals are often perceived to be in the process of destroying local cultures and replacing them with homogenised western values. Multinational production methods are accused of exploiting desperate workers and having low labour and environmental standards. The process of globalisation which multinationals represent is credited with undermining the power of national governments to control their economic destiny, leaving them vulnerable to the subsequent exit of footloose capital and undermining their tax base, by promoting tax competition among governments to attract them in the first place. Even more moderate writers such as Stopford, Strange and Henley (1991) recognise that a world with increasingly significant large global firms poses a fundamental challenge for developing country governments: change national economic policies (good or bad) or lose multinational investments.

Suggested Citation

  • Ian W. Jones & Michael G. Pollitt & David Bek, 2007. "Social Capital and Multinationals," Palgrave Macmillan Books, in: Multinationals in their Communities, chapter 4, pages 90-128, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-21105-6_4
    DOI: 10.1057/9780230211056_4
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    Citations

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    Cited by:

    1. Ioanna Boulouta & Christos Pitelis, 2014. "Who Needs CSR? The Impact of Corporate Social Responsibility on National Competitiveness," Journal of Business Ethics, Springer, vol. 119(3), pages 349-364, February.
    2. Ian W. Jones & Michael G. Pollitt & David Bek, 2007. "Multinationals in their Communities: A Social Capital Approach to Corporate Citizenship Projects," Palgrave Macmillan Books, in: Multinationals in their Communities, chapter 1, pages 1-19, Palgrave Macmillan.
    3. Klein, Peter G. & Mahoney, Joseph T. & McGahan, Anita M. & Pitelis, Christos N., 2009. "Toward a Theory of Public Entrepreneurship," Working Papers 09-0106, University of Illinois at Urbana-Champaign, College of Business.
    4. Bojana Radovanovic & Filip Brkovic & Slavica Stevanovic, 2011. "Corporate Social Responsibility as a Tool for Smart, Sustainable and Inclusive Growth," Book Chapters, in: Mirjana Radovic Markovic & Srdjan Redzepagic & João Sousa Andrade & Paulino Teixeira (ed.), Serbia and the European Union: Economic Lessons from the New Member States, edition 1, volume 1, chapter 25, pages 396-406, Institute of Economic Sciences.
    5. Peter Heslam & Ian Jones & Michael Pollitt, 2009. "How a Social Capital Approach can help Multinationals show Ethical Leadership," Working Papers wp388, Centre for Business Research, University of Cambridge.
    6. Ian W. Jones & Michael G. Pollitt, 2016. "How UK Banks are Changing Their Corporate Culture & Practice Following the Financial Crisis of 2007-08," Working Papers wp482, Centre for Business Research, University of Cambridge.
    7. Zivka Przulj & Bojana Radovanovic, 2012. "Affirmation of Principles and Improved Corporate Governance in Serbia - Business Ethics and Corporate Social Responsibility," Book Chapters, in: João Sousa Andrade & Marta C. N. Simões & Ivan Stosic & Dejan Eric & Hasan Hanic (ed.), Managing Structural Changes - Trends and Requirements, edition 1, volume 1, chapter 18, pages 346-359, Institute of Economic Sciences.

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