Why Multinationals Help Reduce Poverty
Author: Bhagwati, Jagdish1
Source: The World Economy, Volume 30, Number 2, February 2007 , pp. 211-228(18)
Publisher: Blackwell Publishing
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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: 10.1111/j.1467-9701.2007.00879.x
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