PSCI 152 Lecture Notes - Lecture 9: Import Substitution Industrialization, Global Financial System, China National Offshore Oil Corporation
12 Dec 2016
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Chapter eight multinational corporations in the global economy. Everyone agrees that mncs are the primary drivers of, and beneficiaries from globalization. Capture profits by internalizing associated transactions: ex: ge. National corp becomes mnc by making fdi. Increased over 2,300% in the past 30 years. Mncs account for 1/3 of global exports, employ 77 million people worldwide: top 100 account for 4% of world gdp. Much of this is intrafirm trade trade that takes place between an. Mnc parent and its foreign affiliates: role in global economy increasing in importance. Mnc activity concentrated in the advanced industrialized countries (73%: 92/100 largest mncs headquartered in u. s. , western europe or japan, advanced industrialized countries. Mnc activities in developing world have increased substantially during the last. 30 years: investing more heavily in developing nations. Not evenly distributed across developing world concentrated in a small number of asian and latin.
