The role and economic power of corporations that dominate the world
economy has generated considerable controversy. The most heated
debate and the most critical questions surrounding the role of
multinational corporations relate to foreign direct investment
(FDI). This key volume offers an entirely fresh perspective of the
role of multinationals and the development impact of FDI. Contrary
to prevailing opinion, it examines whether imperialism is a much
more useful concept for describing and explaining the dynamics of
world development than globalization. FDI is a mechanism for
empire-centred capital accumulation, a powerful lever for political
control and for re-ordering the world economy. This is a much
needed analysis of global capitalism and its impact around the
world, resulting in an excellent resource for students, academics
and activists.
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