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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:The political economy of regulation: Africa and the challenges of transnational corporations in the 1980s
Author:Asante, S.K.B.ISNI
Periodical:Vierteljahres-Berichte: Probleme der internationalen Zusammenarbeit
Geographic term:Africa
Subject:multinational enterprises
Abstract:The increasing attention focused on the role of TNCs (transnational corporations) in the development of the African economy in recent years is a recognition of their potential and a reflection of the magnitude of strength and power which these foreigns firms have acquired in the development process. Given the limitations of the prevailing regulatory approach to the problems of controlling TNCs at the national level and the absence of effective mechanisms at the international level as contained in the NIEO (New International Economic Order) proposals and the Brandt Reports, it is the contention of the paper that a regional agreement would probably serve to reduce the alternatives open to TNCs, and to enhance the position of African countries that pursue common politics. Section 1 of the paper reviews the e fforts that have been made to control the impact of TNCs in Africa. Section 2 focuses on the international approach to the problem of dealing with TNCs. Section 3 examines the regional approach to the management of foreign investment. Section 4 gives an overview and conclusion. Notes.