TITLE

THE MULTINATIONAL ENTERPRISE: POWER VERSUS SOVEREIGNTY

AUTHOR(S)
Vernon, Raymond
PUB. DATE
July 1971
SOURCE
Foreign Affairs;Jul1971, Vol. 49 Issue 4, p736
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article explores the spread of U.S. multinational enterprises into foreign countries. This spread has produced inevitable aftermath. Though the multinational enterprise as an economic institution seems capable of adding to the world's aggregate productivity and economic growth, it has generated tensions in foreign countries. As a rule, the tensions are a manifestation of powerful psychic and social needs on the part of elite groups in host countries, including the desire for control and status and the desire to avoid a sense of dependence on outsiders. Political questions will also affect the future of multinational enterprises. One important set of issues has to do with the social goals of the advanced nations. Most proposals for dealing with problems generated by multi-national enterprises have been special in outlook and limited in objective. The problems generated by the operations of multinational enterprises will not stand still. Despite the recrudescent nationalism of the U.S. government and those of other advanced countries during the early 1970s, the factors that have been increasing the economic and political interaction between national economies during the 1950s and 1960s are still hard at work.
ACCESSION #
5806136

 

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