| Description |
During the past quarter of a century, that behemoth of business enterprise, the multinational corporation (MNC), has come to play a significant and highly controversial role in the international legal and political arenas. Its advocates proclaim the MNC to be an essential fulcrum upon which the lever of technology can facilitate and expedite the development of lesser developed countries ( LDCs). Of course, for years the efficacy of such a proposition has been questioned; indeed, this traditional doctrine has been brought under heavy fire and subjected to a high degree of criticism. Certainly many opponents of the theory that the MNC can be the savior of the third world are not averse to the transfer of technology and the concomitant growth of a modern industrial society. They are, however, concerned with the problem of potential exploitation on the part of the multinationals as well as the resultant possibility of perpetuating a LDC's underdeveloped state. |
