Multinationals on Trial

Foreign Investment Matters

Nonfiction, Social & Cultural Studies, Political Science
Cover of the book Multinationals on Trial by James Petras, Henry Veltmeyer, Taylor and Francis
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Author: James Petras, Henry Veltmeyer ISBN: 9781317093305
Publisher: Taylor and Francis Publication: April 15, 2016
Imprint: Routledge Language: English
Author: James Petras, Henry Veltmeyer
ISBN: 9781317093305
Publisher: Taylor and Francis
Publication: April 15, 2016
Imprint: Routledge
Language: English

The role and economic power of corporations that dominate the world economy has generated considerable controversy. The most heated debate and the most critical questions surrounding the role of multinational corporations relate to foreign direct investment (FDI). This key volume offers an entirely fresh perspective of the role of multinationals and the development impact of FDI. Contrary to prevailing opinion, it examines whether imperialism is a much more useful concept for describing and explaining the dynamics of world development than globalization. FDI is a mechanism for empire-centred capital accumulation, a powerful lever for political control and for re-ordering the world economy. This is a much needed analysis of global capitalism and its impact around the world, resulting in an excellent resource for students, academics and activists.

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The role and economic power of corporations that dominate the world economy has generated considerable controversy. The most heated debate and the most critical questions surrounding the role of multinational corporations relate to foreign direct investment (FDI). This key volume offers an entirely fresh perspective of the role of multinationals and the development impact of FDI. Contrary to prevailing opinion, it examines whether imperialism is a much more useful concept for describing and explaining the dynamics of world development than globalization. FDI is a mechanism for empire-centred capital accumulation, a powerful lever for political control and for re-ordering the world economy. This is a much needed analysis of global capitalism and its impact around the world, resulting in an excellent resource for students, academics and activists.

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