Advertisement

Economic Globalization as a “Disembedding” Force?

  • Philipp Aerni
Chapter
Part of the SpringerBriefs in Economics book series (BRIEFSECONOMICS)

Abstract

Emerging large corporations in the 19th century may have caused the disembedding of traditional societies without offering any immediate positive alternative to the originally very repressive system of feudalism. FDI in low-income countries faces similar challenges today. However, MNEs that are willing to embed themselves into the local economy in a responsible way may contribute more to economic empowerment, inclusive growth and sustainable change than foreign aid.

Copyright information

© The Author(s), under exclusive license to Springer Nature Switzerland AG 2018

Authors and Affiliations

  1. 1.Center for Corporate Responsibility and Sustainability (CCRS) at the University of ZurichZürichSwitzerland

Personalised recommendations