Why Multinationals Help Reduce Poverty

Author: Bhagwati, Jagdish

Source: The World Economy, Volume 30, Number 2, February 2007 , pp. 211-228(18)

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Abstract:

Over the years, multinationals have attracted both friends and enemies. Foes have argued that they exert adverse influences on the well-being of poor countries in general, and their poorer citizens in particular. Friends have argued that in their wake, multinational corporations bestow on host economies a variety of benefits primarily, but not exclusively, via spillover effects of various sorts. This paper provides a detailed reappraisal of the issues involved and argues that if their adverse effects can be removed by appropriate domestic policies, multinationals can have a potentially major role to play in the alleviation of poverty.

Document Type: Research article

DOI: http://dx.doi.org/10.1111/j.1467-9701.2007.00879.x

Affiliations: 1: Columbia University

Publication date: 2007-02-01