Re-Orient? MNC Penetration and Contemporary Shifts in the Global Political Economy
AbstractThis article analyses IMF estimates of economic growth in 180 countries (IMF, 2009), and inks the results to the "Re-orient" approach, put forward by Frank, 1998. With global economic gravitation shifting to the Indian Ocean/Pacific region, the article also analyses the role of MNC (foreign capital) penetration as the key variable of past quantitative dependency studies for contemporary economic growth and social performance. In a Schumpeterian fashion, MNC penetration reflects the power, which transnational oligopolies wield over local economies. Today, social polarization and stagnation increase as a consequence of the development model, based on high MNC penetration.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 4393.
Length: 42 pages
Date of creation: Sep 2009
Date of revision:
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Other versions of this item:
- Arno Tausch & Almas Heshmati, 2009. "Re-Orient? MNC Penetration and Contemporary Shifts in the Global Political Economy," TEMEP Discussion Papers 200911, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Aug 2009.
- F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-10-10 (All new papers)
- NEP-CWA-2009-10-10 (Central & Western Asia)
- NEP-FDG-2009-10-10 (Financial Development & Growth)
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