Which of the following arguments by critics of MNCs has not been used?
a. MNCs divert capital needed for economic development in Third World countries into areas that the
MNCs themselves need, and thus slow economic development.
b. MNCs are undermining local cultures by creating international standards of taste
c. MNCs pollute Third World countries' environments without regard to the damage they cause, and
also strip Third World states of their natural resources
d. MNCs, because of their structure, are supportive of authoritarianism, and therefore undermine
democratic governments in the Third World.
Question 2
Which of the following statements has not been used as an argument to support multinational corporations?
a. MNCs aid in preventing war by linking the economies of nations.
b. Multinational corporations help economic development by aiding technology
transfer to less developed states.
c. Multinational corporations accelerate the movement from totalitarian regimes
toward democratic regimes.
d. Multinational corporations provide training to local personnel, and therefore help
economic development.
Welcome sign for Kenton, Tennessee, an example of competition for "White Squirrel Capital"
Natural Capital
This engraving by William Russell Birch shows Congress Hall (left), which was occupied by Congress f
GDP and Capital per Worker, 2009
A Production Function with Diminishing Marginal Product of Capital
Capital’s Share of Income in a Cross-Section of Countries