Global goliaths : multinational corporations in the 21st century economy
Author(s)
Bibliographic Information
Global goliaths : multinational corporations in the 21st century economy
Brookings Institution Press, c2021
- : pbk
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Note
Includes bibliographical references and index
Description and Table of Contents
Description
How multinationals contribute, or don't, to global prosperity.Globalization and multinational corporations have long seemed partners in the enterprise of economic growth: globalization-led prosperity was the goal, and giant corporations spanning the globe would help achieve it. In recent years, however, the notion that all economies, both developed and developing, can prosper from globalization has been called into question by political figures and has fueled a populist backlash around the world against globalization and the corporations that made it possible.
In an effort to elevate the sometimes contentious public debate over the conduct and operation of multinational corporations, this edited volume examines key questions about their role, both in their home countries and in the rest of the world where they do business. Is their multinational nature an essential driver of their profits? Do U.S. and European multinationals contribute to home country employment? Do multinational firms exploit foreign workers? How do multinationals influence foreign policy? How will the rise of the digital economy and digital trade in services affect multinationals?
In addressing these and similar questions, the book also examines the role that multinational corporations play in the outcomes that policymakers care about most: economic growth, jobs, inequality, and tax fairness.
Table of Contents
Acknowledgments
1. Multinational Activity in the Modern World
2. The Structure of Multinational Firms' International Activities
3. Multinational Firms' Market Entry and Expansion, with Evidence from Eastern Europe
4. The International Market for Corporate Control
5. The Corporate Finance of Multinational Firms
6. Do Multinational Firms Export Jobs?
7. Do Multinational Corporations Exploit Foreign Workers?
8. The New Global Invention Machine: A Look Inside the R&D Networks of U.S. Multinationals
9. Multinationals in the Digital Economy
10. Tax Avoidance and Multinational Firm Behavior
11. Do Multinational Firms Use Tax Havens to the Detriment of Non-Haven Countries?
12. Multinational Corporations and Their Influence through Lobbying on Foreign Policy
13. Principles for Policymakers
Contributors
Index
by "Nielsen BookData"