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Towards a Political Economy Framework: TNCs as National and Global Players

In: Multinationals, Institutions and the Construction of Transnational Practices

Author

Listed:
  • Jacques Bélanger
  • Paul Edwards

Abstract

Transnational corporations (TNCs), like all large and complex formal organizations, have two core features. First, they produce goods and services that satisfy consumer needs, and in the course of doing so provide income and employment to large numbers of people. Second, they are political actors, using power to shape the conditions under which they conduct their productive activities and as a result profoundly influence the lives of employees, customers and local communities. Something of these two aspects was captured by The Economist (27 March 1993) when it called them ‘everybody’s favourite monster’. The purpose of this chapter is to contribute theoretically to the second ‘political’ view but without losing sight of the first.

Suggested Citation

  • Jacques Bélanger & Paul Edwards, 2006. "Towards a Political Economy Framework: TNCs as National and Global Players," Palgrave Macmillan Books, in: Anthony Ferner & Javier Quintanilla & Carlos Sánchez-Runde (ed.), Multinationals, Institutions and the Construction of Transnational Practices, chapter 2, pages 24-52, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50230-7_2
    DOI: 10.1057/9780230502307_2
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    Citations

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    Cited by:

    1. Christoph Doerrenbaecher & Mike Geppert, 2009. "Micro-political Games in the Multinational Corporation: The Case of Mandate Change," management revue - Socio-Economic Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 20(4), pages 373-391.
    2. Anita Kyurova, 2019. "Local Adaptation Vs. Global Integration Of Pay And Rewards Practices Among Mncs," Entrepreneurship, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 7(2), pages 153-161.
    3. José Quesada-Vázquez & Juan Carlos Rodríguez-Cohard, 2019. "Subsidiary upgrading and regional innovation policies: The case of Valeo lighting Systems Spain and the Andalusian Plastic Innovation Centre," Environment and Planning C, , vol. 37(5), pages 908-928, August.
    4. Zheng, Qiuxia & Noorderhaven, Niels & Du, Jian, 2022. "Making the unlikely marriage work: The integration process of Chinese strategic asset-seeking acquisitions," Journal of World Business, Elsevier, vol. 57(3).

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