Multinational Corporations in the Neo-Liberal Regime
Author(s)
Crotty, James R.; Epstein, Gerald; Kelly, Patricia
Abstract
In this chapter, the authors argue that within the current neo-liberal context, the “race to the bottom,” is the most likely outcome of Foreign Direct Investment. Their analysis focuses on aggregate demand for labor, domestic and international “rules of the game,” and the nature of domestic and international competition. In particular, they examine the effects of these three factors on the relative bargaining power of firms and workers and on the ability of governments to capture benefits from Foreign Direct Investment.
