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| Title: | | Re-orient? MNC penetration and contemporary shifts in the global political economy  |
| Authors: | | Tausch, Arno Heshmati, Almas |
| Issue Date: | | 2009 |
| Series/Report no.: | | IZA Discussion Papers 4393 |
| Abstract: | | This article analyses IMF estimates of economic growth in 180 countries (IMF, 2009), and inks the results to the Re-orient approach, put forward by Frank, 1998. With global economic gravitation shifting to the Indian Ocean/Pacific region, the article also analyses the role of MNC (foreign capital) penetration as the key variable of past quantitative dependency studies for contemporary economic growth and social performance. In a Schumpeterian fashion, MNC penetration reflects the power, which transnational oligopolies wield over local economies. Today, social polarization and stagnation increase as a consequence of the development model, based on high MNC penetration. |
| Subjects: | | International relations and international political economy economic development technological change growth |
| JEL: | | F50 O10 |
| Persistent Identifier of the first edition: | | urn:nbn:de:101:1-20091009948 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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