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Multinationals and Global CapitalismFrom the Nineteenth to the Twenty First Century$
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Geoffrey Jones

Print publication date: 2004

Print ISBN-13: 9780199272099

Published to Oxford Scholarship Online: April 2005

DOI: 10.1093/0199272093.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 24 January 2022

Engines of growth?

Engines of growth?

Chapter:
(p.255) 10 Engines of growth?
Source:
Multinationals and Global Capitalism
Author(s):

Geoffrey Jones (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0199272093.003.0010

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

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