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Multinational Corporations: An Historical Account

In: Transnational Corporations and the Global Economy

Author

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  • Mira Wilkins

Abstract

Multinational enterprises (MNEs) have a long history and have long had an influence on the development of the economies in which they operate. Their impact is on the ‘home country’ (where they originate), on ‘host countries’ (where they extend their business operations), and on ‘third countries’ (to which the contribution spread). In this paper, I will concentrate on the impacts on host countries (or more simply ‘hosts’). MNEs serve to integrate the world economy in a manner different from trade or finance per se; they form a tissue linking economic activities in home, host, and third countries. There is not the mere transfer of goods or personnel or intangibles or capital; rather there is an ongoing, continuing relationships. MNEs are and have long been significant actors on the world stage.1

Suggested Citation

  • Mira Wilkins, 1998. "Multinational Corporations: An Historical Account," Palgrave Macmillan Books, in: Richard Kozul-Wright & Robert Rowthorn (ed.), Transnational Corporations and the Global Economy, chapter 3, pages 95-133, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-26523-7_4
    DOI: 10.1007/978-1-349-26523-7_4
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    Cited by:

    1. Moritz Cruz, 2008. "Can Free Trade Guarantee Gains from Trade?," WIDER Working Paper Series RP2008-97, World Institute for Development Economic Research (UNU-WIDER).
    2. Hansen, Michael W. & Pedersen, Torben & Petersen, Bent, 2009. "MNC strategies and linkage effects in developing countries," Journal of World Business, Elsevier, vol. 44(2), pages 121-130, April.
    3. Hoang Viet Nguyen & Thanh Tu Phan & Antonio Lobo, 2019. "Debunking the Myth of Foreign Direct Investment toward Long-Term Sustainability of a Developing Country: A Transaction Cost Analysis Approach," Sustainability, MDPI, vol. 11(17), pages 1-26, August.
    4. Elkhan Richard Sadik-Zada, 2021. "Addressing the growth and employment effects of the extractive industries: white and black box illustrations from Kazakhstan," Post-Communist Economies, Taylor & Francis Journals, vol. 33(4), pages 402-434, May.
    5. Rosińska-Bukowska Magdalena, 2020. "The significance of intellectual capital in strategies of transnational corporations," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 56(4), pages 291-306, December.

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