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Re-Orient? MNC Penetration and Contemporary Shifts in the Global Political Economy
Innsbruck University.
Seoul National University.ORCID iD: 0000-0002-7902-4683
2009 (English)Report (Other academic)
Abstract [en]

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.

Place, publisher, year, edition, pages
2009. , 42 p.
Series
TEMEP Discussion Paper, 11
National Category
Social Sciences
Identifiers
URN: urn:nbn:se:hj:diva-24996OAI: oai:DiVA.org:hj-24996DiVA: diva2:755202
Available from: 2014-10-14 Created: 2014-10-14 Last updated: 2016-01-14Bibliographically approved

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Heshmati, Almas
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Citation style
  • apa
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