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- Volume 22, Issue 2, 2015
Transnational Corporations - Volume 22, Issue 2, 2015
Volume 22, Issue 2, 2015
Transnational Corporations is a policy-oriented journal that serves as a specialized forum for the publication of research on the activities of transactional corporations and their implication for economic development.
Language:
English
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The pitfalls of an inward-oriented economy: Lessons from the evolution of Brazil and the Republic of Korea
Authors: Thomas J. Hannigan, Ahreum Lee and Ram MudambiThrough the early 1980s, the Republic of Korea had lower per capita income than Brazil. However, in the ensuing decade and a half, the economy of the Republic of Korea grew rapidly and by 1996, the country was admitted to the OECD. In contrast, Brazil failed to make significant progress, becoming stuck in a so-called “middle-income trap”. In this paper we present a comparative analysis of the economies of the Republic of Korea and Brazil and draw some general lessons for successful catchup strategies and economic development policy. We identify three key factors underpinning the Republic of Korea’s successful catch-up: 1) well planned and consistent government policy; 2) technological specialization; and 3) the nurturing of corporate champions. The economic development process is enormously complex and what works for one economy may not work for another due to contextual differences. Nonetheless, we argue that the successful experience of the Republic of Korea offers some general lessons from the standpoint of government and industrial policy, as well as firm strategy.
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Responsible agricultural investment: Drawing upon best practices in existing initiatives
Authors: Hafiz Mirza, Zoe Goodman and Astrid AgostiniSince the mid-2000s, private sector investment in agriculture — both domestic and foreign — has been on the increase. Studies on this trend find mixed results, both positive and negative consequences for local communities, depending on conditions and circumstances. In response, there has been a multiplication of principles, guidelines or benchmarks for investors and host governments which aim to mitigate the negative impacts of large-scale agricultural investments, while maximizing positive outcomes. This paper contributes to the ongoing discussions on principles for responsible agricultural investments (RAI) by assessing how RAI principles can draw upon best practices from existing initiatives. To facilitate the discussion, we first propose a typology for categorizing initiates to regulate investment in agriculture. Then we assess the best practices in ten key areas that RAI principles should consider.
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Multinationals and Economic Geography: Location, technology and innovation
Authors: Simona Iammarino and Philip McCannThis is a very rich book — rich in content and rich as a source of ideas for researchers. It is clearly structured and knit together, carefully and widely researched, argued and developed. The aim of the book is to present an integrated perspective on the following three key elements of the contemporary economic and business world: the firm, specifically the multinational enterprise (MNE); space and geography, specifically localization and regionalism; and knowledge, innovation and technology.
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Transnational corporations and International production: Concepts, theories and effects (Second Edition)
Author: Grazia Ietto-GilliesThis is a welcome and timely updated second edition of Transnational Corporations and International Production: Concepts, Theories and Effects, by Grazia Ietto-Gillies, a scholar with a well-deserved high recognition and reputation in the field.
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