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Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 4393
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
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.
Schlagwörter: 
International relations and international political economy
economic development
technological change
growth
JEL: 
F50
O10
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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