TY  - RPRT
        AU  - Tausch, Arno
AU  - Heshmati, Almas
        TI  - Re-Orient? MNC Penetration and Contemporary Shifts in the Global Political Economy
        PY  - 2009/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 4393
        UR  - https://www.iza.org/index.php/publications/dp4393
        AB  - This article analyses IMF estimates of economic growth in 180 countries (IMF, 2009), and inks the results to the "Re-orient" approach, put forward by Frank, 1998. With global economic gravitation shifting to the Indian Ocean/Pacific region, the article also analyses the role of MNC (foreign capital) penetration as the key variable of past quantitative dependency studies for contemporary economic growth and social performance. In a Schumpeterian fashion, MNC penetration reflects the power, which transnational oligopolies wield over local economies. Today, social polarization and stagnation increase as a consequence of the development model, based on high MNC penetration.
        KW  - economic development
KW  - international relations and international political economy
KW  - technological change
KW  - growth
        ER  -