The role of foreign TNCs in the economic development of Third World countries has been a subject of continuous debates. The contrasting experiences with foreign capital between a group of East Asian countries including Korea. Singapore and Taiwan and a number of African and Latin American countries adds a new dimension to the debates. Whereas the former group of countries is exhibiting spectacular economic growth rates. the latter is beset with one economic crisis after another. A relatively new and evolving approach that recognizes uneven development in the Third World as being one of a number of inevitable outcomes of the activities of foreign TNCs is the Internationalisation of Capital approach. As the name implies, foreign TNCs are seen as one manifestation of the inherent tendency of capital to internationalise as it seeks further accumulation. The outcome of the internationalisation process on a particular country is however dependent on the way in which the forces that are driving the internationalisation process articulate with a host of factors external and internal to the country. Therefore the approach from the outset recognizes that whilst in certain countries dynamic economic development may occur following the inflow of foreign capital in others the result may be disappointing.
| Identifer | oai:union.ndltd.org:bl.uk/oai:ethos.bl.uk:629353 |
| Date | January 1993 |
| Creators | bin Ismail, Mohd Nazari |
| Publisher | University of Manchester |
| Source Sets | Ethos UK |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation |
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