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Transnational Corporations and Globalisation: The Development of Development?

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The Political Economy of Global Manufacturing, Business and Finance

Part of the book series: International Political Economy Series ((IPES))

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Abstract

The chapter will reflect on the debate around the impact of transnational corporations (TNCs) on industrialisation and development in the Global South in the context of the rapidly growing integration of the operations between TNCs’ home bases and their foreign-based affiliates and the increasing concentration of ownership and control in the hands of very few global financial corporates. The chapter considers the implications for the countries that host branches of TNCs and form a part of their chains and networks. Some of these countries have had some success in structural transformation and now have their own TNCs. These developments reflect the historical unevenness of capitalist development and the importance of analysing and understanding the political economy of individual countries.

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Authors and Affiliations

  1. Emeritus of Development Economics, Keele Business School, Keele University, Staffordshire, UK

    Peter Lawrence

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  1. Peter Lawrence
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Editors and Affiliations

  1. Department of Economics, Adam Smith Business School, University of Glasgow, Glasgow, UK

    Michael Tribe

  2. Wits School of Governance, University of the Witwatersrand, Johannesburg, South Africa

    George Kararach

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Lawrence, P. (2023). Transnational Corporations and Globalisation: The Development of Development?. In: Tribe, M., Kararach, G. (eds) The Political Economy of Global Manufacturing, Business and Finance . International Political Economy Series. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-25832-9_8

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