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
Content quality
Yet to rate
 Yet to rate
Language
English
1A4N
V4255
DOCID
13242550
D7NID
223613
Editing link
Official link
Last update
Dec 3, 2024