1. Global strategies
  2. Monitoring economic control by transnational corporations

Monitoring economic control by transnational corporations

  • Regulating economic control of multinational corporations

Context

Prior to 1945 there was a close bond between a nation and its industries and the two were generally counted as one in calculating the strength and wealth of nations. A nation's power grew with the strength of its industries, and industries profited from the larger economic sphere that a more wealthy and powerful nation could provide. The two were bound in a mutually beneficial partnership -- a partnership which kept nations healthy and provided benefits to the citizenry. The people, corporations, and the nation -- their interests were in fundamental harmony. The Third-World may have been exploited, but at least the First World was relatively sound. But in the postwar "Free-World" system, the close-bonding between nations and "their" corporations has been falling apart. Nations and industry can no longer be counted as a single entity -- TNC's are a force in their own right, with an allegiance to the overall world system rather than to a single nation. TNC's are citizens of the world; their focus is on global opportunities; the very concept of "home nation" is out-dated -- to TNC's, all flags are flags of convenience.

Broader

Monitoring
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Facilitates

Facilitated by

Related

Problem

Value

Uneconomic
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Self-control
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Web link

SDG

Sustainable Development Goal #8: Decent Work and Economic Growth

Metadata

Database
Global strategies
Type
(G) Very specific strategies
Subject
  • Commerce » Multinationals
  • Research, standards » Inspection, tests
  • Cybernetics » Control
  • Economics » Economic
  • Content quality
    Yet to rate
     Yet to rate
    Language
    English
    Last update
    Dec 3, 2024