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Multinational Corporations and Foreign Direct InvestmentAvoiding Simplicity, Embracing Complexity$
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Stephen D. Cohen

Print publication date: 2007

Print ISBN-13: 9780195179354

Published to Oxford Scholarship Online: May 2007

DOI: 10.1093/acprof:oso/9780195179354.001.0001

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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: 23 October 2021

 Multinational Corporations versus the Nation‐State

 Multinational Corporations versus the Nation‐State

Has Sovereignty Been Outsourced?

(p.233) 10 Multinational Corporations versus the Nation‐State
Multinational Corporations and Foreign Direct Investment

Stephen D. Cohen

Oxford University Press

The extent to which the proliferation and growth in size of MNCs has eroded the power of sovereign governments to govern nation-states is another issue causing an unbridgeable split between those favorably disposed to private enterprise and those critical of its alleged excesses. This chapter repeats the thesis that objectivity requires black-and-white extremes to be avoided in favor of a nuanced middle-ground providing a more accurate diagnosis of the complex issue at hand. Following an examination of the multiple definitions of sovereignty, two sections examine the merits in the opposing arguments regarding the assertion that the power of big global companies has reached the point that it now transcends the ability of national leaders to make decisions affecting the economic well-being of their countries' citizens. The chapter concludes with the argument that the question of MNC's diminution of national sovereignty should be rephrased and placed in a larger context to give proper regard to imponderables and ambiguities.

Keywords:   sovereignty, nation-state, globalization, transnational actors, non-government organizations, economic interdependence

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