Chapter

Engines of growth?

Geoffrey Jones

in Multinationals and Global Capitalism

Published in print December 2004 | ISBN: 9780199272099
Published online April 2005 | e-ISBN: 9780191602184 | DOI: http://dx.doi.org/10.1093/0199272093.003.0010
 Engines of growth?

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This chapter reviews the historical evidence on the long-run impact of multinationals on their host economies. It is shown that although multinational served as ‘engines of growth’, negative outcomes have occurred. The spread of multinationals since the 19th century has coincided with an extraordinary growth in world incomes, and with the increasing gap between the rich and poor, the North and South.

Keywords: multinationals; host economies; engines of growth; income gap; inequality

Chapter.  14360 words. 

Subjects: Economic History

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