POLB90H3 Lecture Notes - Lecture 9: Neocolonialism, Labor Rights, Walkover
Document Summary
Mnc: an enterprise that is based in one country but operates and has asset in more that one country. Direct foreign investment: an investment made by a company based on 1 country in another country that involves investments in physical factories (plants, mining inst) Econ imperialism/neo-colonialism: the continued control exercised by outside forces over economies and politics of the gs. Mnc: ,pre influence wto act in gn and gs. Wto: not good or bad , responsible to make profits for shareholders not for improving the eco/human development. 1950-60s in development: moves into industrialization improve living standards: imprt substitution industries: production of manufactured products that had been previously imported stimulate industrial production- tariffs. 1950/60s :: fdi invests to produce for domestic market production only for own market not naerican one: inefficient local market : small exports cars. 70"s changes econ globalization: globalization and the separation of products stages.
