Do investments by multinational corporations in less developed
countries enhance or hinder economic development in those
countries? This volume presents a re-evaulation of twenty-seven of
the most important studies which were carried out to answer this
question. The authors attempt to resolve the disparate findings
which show that investment promotes short-run growth but in the
long run retards growth. They also present a careful empirical
analysis of the intervening political, social, and economic
mechanisms through which the effects of investment are transmitted.
The volume will clarify much speculation which has taken place
about the world-systems perspective and will point the way toward
more research which can resolve disputed areas of this theory.
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