Transnational Corporations and the Global Economy 1998
DOI: 10.1007/978-1-349-26523-7_9
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Transnational Corporations and the Nation State

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Cited by 14 publications
(10 citation statements)
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“…Also, unless supply schedules are elastic, it may be difficult to shift resources to the export sector. For more on the limits of devaluation to promote output growth, see, for example, Panic (1998). 33 Higher minimum wages may be beneficial, even in open export-oriented economies (Rama, 2001;Saget 2001).…”
Section: Notesmentioning
confidence: 99%
“…Also, unless supply schedules are elastic, it may be difficult to shift resources to the export sector. For more on the limits of devaluation to promote output growth, see, for example, Panic (1998). 33 Higher minimum wages may be beneficial, even in open export-oriented economies (Rama, 2001;Saget 2001).…”
Section: Notesmentioning
confidence: 99%
“…Despite its potential benefits to host countries in terms of technology and capability diffusion, as outlined in the previous paragraphs, investment by MNCs may have negative effects on host countries' economic policies, for example by limiting the freedom of the host nation to pursue necessary economic structural transformation and increase productive capacities (Panić 1998). In particular, MNCs may prevent a host country from adopting strategic industrial policies for increasing national competitiveness such as restrictions on foreign ownership and local content requirements (Chang 1998).…”
Section: Mncs As a Constraint To Effective Industrial Policy?mentioning
confidence: 99%
“…Unfortunately, the two objectives may be in direct conflict with the MNCs' own long-term objectives (Panić 1998). For example, a multinational corporation may decide that opportunities in the host country are no longer as lucrative as in other countries, and therefore extract earnings from the host country for investment in alternative markets.…”
Section: Mncs As a Constraint To Effective Industrial Policy?mentioning
confidence: 99%
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“…Also, unless supply schedules are elastic, it may be difficult to shift resources to the export sector. For more on the limits of devaluation to promote output growth, see, for example, Panic (1998). 32 Higher minimum wages may be beneficial, even in open export-oriented economies (Rama, 2001;Saget 2001).…”
Section: Notesmentioning
confidence: 99%