IDEAS home Printed from https://ideas.repec.org/p/snv/dp2009/200911.html
   My bibliography  Save this paper

Re-Orient? MNC Penetration and Contemporary Shifts in the Global Political Economy

Author

Listed:
  • Arno Tausch
  • Almas Heshmati

    () (Technology Management, Economics and Policy Program(TEMEP), Seoul National University)

Abstract

This 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.

Suggested Citation

  • 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.
  • Handle: RePEc:snv:dp2009:200911
    as

    Download full text from publisher

    File URL: ftp://147.46.237.98/DP-11.pdf
    File Function: First version, 2009
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth through Creative Destruction," Econometrica, Econometric Society, vol. 60(2), pages 323-351, March.
    2. N/A, 1983. "Chapter II. The World Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 104(1), pages 21-31, May.
    3. StevenN. Durlauf & Andros Kourtellos & ChihMing Tan, 2008. "Are Any Growth Theories Robust?," Economic Journal, Royal Economic Society, vol. 118(527), pages 329-346, March.
    4. Pan-Long Tsai, 1995. "Foreign direct investment and income inequality: Further evidence," World Development, Elsevier, vol. 23(3), pages 469-483, March.
    5. repec:ilo:ilowps:398959 is not listed on IDEAS
    6. N/A, 1983. "Chapter Ii. the World Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 103(1), pages 30-49, February.
    7. Johan Galtung, 1971. "A Structural Theory of Imperialism," Journal of Peace Research, Peace Research Institute Oslo, vol. 8(2), pages 81-117, June.
    8. N/A, 1983. "World Economy Forecast Post-Mortems: 1978-82," National Institute Economic Review, National Institute of Economic and Social Research, vol. 104(1), pages 32-37, May.
    9. Goldstein, Joshua S., 1985. "Basic human needs: The plateau curve," World Development, Elsevier, vol. 13(5), pages 595-609, May.
    10. N/A, 1983. "Chapter II. The World Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 105(1), pages 19-28, August.
    11. Weede, Erich & Kampf, Sebastian, 2002. "The Impact of Intelligence and Institutional Improvements on Economic Growth," Kyklos, Wiley Blackwell, vol. 55(3), pages 361-380.
    12. Dutt, Amitava Krishna, 1997. "The pattern of direct foreign investment and economic growth," World Development, Elsevier, vol. 25(11), pages 1925-1936, November.
    13. Klitgaard, Robert & Fedderke, Johannes, 1995. "Social integration and disintegration: An exploratory analysis of cross-country data," World Development, Elsevier, vol. 23(3), pages 357-369, March.
    14. Prebisch, Raúl, 1950. "The economic development of Latin America and its principal problems," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 29973, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    15. N/A, 1983. "Chapter II. The World Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 106(1), pages 26-38, November.
    16. Heshmati, Almas, 2004. "The World Distribution of Income and Income Inequality," IZA Discussion Papers 1267, Institute for the Study of Labor (IZA).
    17. Prebisch, Raúl, 1983. "The crisis of capitalism and international trade," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    18. Heshmati Almas, 2006. "Measurement of a Multidimensional Index of Globalization," Global Economy Journal, De Gruyter, vol. 6(2), pages 1-30, May.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    International Relations and International Political Economy; Economic Development; Technological Change; and Growth;

    JEL classification:

    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:snv:dp2009:200911. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jorn Altmann). General contact details of provider: http://edirc.repec.org/data/tesnukr.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.