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Globalization and the End of Competition: a Critical Review of Rent-seeking Multinationals

In: The Challenge of International Business

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  • Pervez N. Ghauri

Abstract

This chapter suggests that, for a variety of reasons, there is likely to be a renaissance of critical writing on the multinational enterprises (MNEs) in the first decade of the new millennium. The chapter first revisits the critical literature on MNEs of the 1950s to 1970s, in order to refresh our minds on the basis for that criticism. It then suggests a number of areas on which criticism is likely to focus — the strategy of multinational firms, bargaining power of multinationals versus the state, development issues, the decline of competition, and distributional issues (affecting unskilled workers in particular). These are old concerns, but the problems are emerging in new ways because of the new configuration of the globalizing economy.

Suggested Citation

  • Pervez N. Ghauri, 2004. "Globalization and the End of Competition: a Critical Review of Rent-seeking Multinationals," Palgrave Macmillan Books, in: The Challenge of International Business, chapter 5, pages 83-100, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50864-4_5
    DOI: 10.1057/9780230508644_5
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    Cited by:

    1. Hadjikhani, Amjad & Lee, Joong-Woo & Ghauri, Pervez N., 2008. "Network view of MNCs' socio-political behavior," Journal of Business Research, Elsevier, vol. 61(9), pages 912-924, September.

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