Transnational corporation and local capital in the Third World

Jenkins, Rhys (1985) Transnational corporation and local capital in the Third World. Discussion Paper. Development Studies Discussion Papers - University of East Anglia.

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Contends that in so far as Third World firms are any different from the traditional TNCs, this is because they are at an incipient stage of their development and are not yet 'real' TNCs at all. There is, however, no reason to suppose that such firms, particularly those belonging to the large economic groups within the major new-industrializing countries, NICs, will not internationalize further in the future. If they do so, then it is to be expected that they will tend to behave in ways increasingly similar to the traditional TNCs. As far as the LDCs are concerned, there is no reason to believe that they will be significantly better or worse than traditional TNCs as agents of development. They will probably contribute to further undermine the ability and willingness of Third World states to control TNCs. As already seen in the case of India, the internationalization of local firms is linked to policy towards inward investment. In addition the growth of international operations may also undermine the state's ability to exercise control over the national economy.

Item Type: Monograph (Discussion Paper)
Faculty \ School: Faculty of Social Sciences > School of Global Development (formerly School of International Development)
UEA Research Groups: Faculty of Social Sciences > Research Groups > Globalisation and CSR
Depositing User: Pure Connector
Date Deposited: 27 Jan 2014 15:46
Last Modified: 24 Oct 2022 06:55

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