Multinational Enterprises, Development And Globalisation: Some Clarifications And A Research Agenda
Source: United Nations University
This paper revisits an earlier contribution (Narula and Dunning 2000) and considers how economic globalisation has changed the nature of the MNE, MNE motivations, the MNE subsidiary and the modalities by which they interact with domestic economic actors. Most developing countries, however, have responded reactively. The authors discuss how the opportunities and challenges for developing countries in following an MNE-assisted development strategy have changed over the last decade. The growing share of industrial activity owned and controlled by MNEs does not always result in a proportional increase in development effects, because individual MNE establishments have different potential for externalities.