Globalization and Multinational Corporations.

Paper Summary:

This paper explains the very harmful role of multinational corporations. Varied sources, linking what multinationals do to harm local development efforts, and the pressures upon countries to have foreign companies, in political terms. Written from a capitalist point of view, but pointing out that globalization and its multinationals point to a short-sighted, bad form of capitalist development. Examples are given from from Sri Lanka, Indonesia, Malaysia and Hong Kong.

From the Paper:

"The paper examines several aspects of globalization, led by the importance of multinational corporations and their impact upon any sort of sustainable development. There are several implications of the processes of globalization that are outlined, with the effect on both developed and undeveloped countries. More than one view of globalization and its effects has been examined, towards a quite critical assessment, and particularly, of the role played by multinational corporations. Some time was devoted to Noam Chomsky's volume,"Profit Over People" and the author's very strong criticism of our so-called Global Order, its links to multinational activity, and much else that Chomsky sees as threatening."

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