The importance of multinational corporations (MNCs) in the world trade, foreign direct investment, and transfer of technology is well documented. In recent year, many governments, especially those in the Third World, have been re-examining their policies towards MNCs whose economic and political power often come in the way of national development. Four recently published books on this sensitive subject are reviewed in this article. Robbins, Sydney M.; and Stobaugh, Robert, B., Money in the Multinational Enterprises: A Study of Financial Policy. London: Longman, 1974. Parker, J.E.S., The Economics of Innovations: The National and Multinational Enterprise in Technological Change. London: Longman, 1974. International Labour Office, Multinational Enterprises and Social Policy. Geneva: International Labour Office, 1973. Turner, Louis, Multinational Companies and the Third World. London: Allen Lane, 1973.
Multinational Corporations
