TITLE

MULTINATIONAL CORPORATIONS IN WORLD POLITICS

AUTHOR(S)
Nye Jr., Joseph S.
PUB. DATE
October 1974
SOURCE
Foreign Affairs;Oct74, Vol. 53 Issue 1, p153
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article discusses the rising political prominence of multinationals business enterprises. As dramatic as the rise of the multinational corporation has been its increased political prominence. The very term implies a political visibility not associated with the words "direct investment" that were used a decade ago. In the past two years the role of these spreading enterprises has been debated in the many international organizations. To the common (and oversimplified) question whether multinational corporations are likely to render the sovereignty of the nation-state obsolete, the answer surely is a qualified "no." The multinationals are undoubtedly a large force to be reckoned with. There are currently some 200 large multinational enterprises or clusters of corporations which operate simultaneously in 20 or more different nations and are joined together by common ownership and management strategy. For the foreseeable future, the two kinds of entities will continue to coexist, in uneasy tension.
ACCESSION #
4854112

 

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