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 links 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 Seoul National University; Technology Management, Economics, and Policy Program (TEMEP) in its series TEMEP Discussion Papers with number 200911.
Length: 43 pages
Date of creation: Aug 2009
Date of revision: Aug 2009
International Relations and International Political Economy; Economic Development; Technological Change; and Growth;
Other versions of this item:
- Tausch, Arno & Heshmati, Almas, 2009. "Re-Orient? MNC Penetration and Contemporary Shifts in the Global Political Economy," IZA Discussion Papers 4393, Institute for the Study of Labor (IZA).
- F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
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