Global Goliaths: Multinational Corporations in the 21st Century Economy
How multinationals contribute, or don't, to global prosperity
Globalization and multinational corporations have long seemed partners in the enterprise of economic growth: globalization-led prosperity was the goal, and giant corporations spanning the globe would help achieve it. In recent years, however, the notion that all economies, both developed and developing, can prosper from globalization has been called into question by political figures and has fueled a populist backlash around the world against globalization and the corporations that made it possible.
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"Multinational firms are central to the global economy--and yet, assertion and anecdote continue to guide too much of our policy conversation about them. This volume's world-class scholars have provided a world-class analysis of the structure and implications of these firms."--Matt Slaughter, Dean, Tuck School of Business, Dartmouth College
"Are U.S. MNCs us? Are they good or bad for the U.S. economy? Do they create or destroy jobs? Do they avoid taxes by shifting their incomes to low-tax countries? This book provides balanced, fact-based answers. Yes, MNCs are good for the U.S. economy, but new policies are needed to ensure that their benefits are broadly shared at home and abroad."--Laura Tyson, Distinguished Professor of the Graduate School, University of California, Berkeley
"Kudos to the Hutchins Center for undertaking a fact-based study of one of the most important forces in the global economy--the multinational corporation. As this volume shows, much of their impact is positive. They have reduced global inequality and increased well-paying jobs in their home countries as well as in less developed countries. But some of it is not--in particular, their exploitation of tax havens to undermine any coherency in the global system of taxation."--Alan Murray, CEO, Fortune Media
