What kind of problems do multinational corporations pose for the nation state in international relations? Analysis of some selected issues of the political economy of foreign direct investment in developing countries.
Article from: OGEL Archive issue , in Roundup of Articles
Summary
Globalization has implied the crisis of state sovereignty traditional conception and of the state-centered paradigm in international relations. There has been an emergence of new 'sources of authority', of 'non-state' actors in the global political economy. Multinational corporations are increasingly exerting major economic and political influence on the nation states -developed as well as developing countries. The latter attempts to control and regulate foreign direct investment flows through MNCs strict regulation have failed long time ago. Nowadays there is instead a race ...