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Regulation of Transnational Corporations TNCs by Host Developing Countries HDCs

Regulation of Transnational Corporations TNCs by Host Developing Countries HDCs Since the Second World War the Transnational Corporations TNCs have emerged as powerful engines of growth and development in the world economy. Much controversy surrounds the issues of TNCs' benign and malign effects on the development aspirations of host developing countries HDCs. The TNCs exert immense economic power over HDCs by virtue of their proprietary control over a package of ingredients much sought after by HDCs. This TNC package comprises capital, technology, managerial talent, marketing networks, information and knowhow. The TNCs carefully safeguard their ownership of this package by patents, licences, trademarks and a variety of other legal devices. The ownership of the package enables TNCs to extract monopoly rents from HDCs. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Social Economics Emerald Publishing

Regulation of Transnational Corporations TNCs by Host Developing Countries HDCs

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References (9)

Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0306-8293
DOI
10.1108/eb013922
Publisher site
See Article on Publisher Site

Abstract

Since the Second World War the Transnational Corporations TNCs have emerged as powerful engines of growth and development in the world economy. Much controversy surrounds the issues of TNCs' benign and malign effects on the development aspirations of host developing countries HDCs. The TNCs exert immense economic power over HDCs by virtue of their proprietary control over a package of ingredients much sought after by HDCs. This TNC package comprises capital, technology, managerial talent, marketing networks, information and knowhow. The TNCs carefully safeguard their ownership of this package by patents, licences, trademarks and a variety of other legal devices. The ownership of the package enables TNCs to extract monopoly rents from HDCs.

Journal

International Journal of Social EconomicsEmerald Publishing

Published: Jun 1, 1982

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