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Foreboding Trends: Growing Suspicion of MNEs Motives. Most trade takes place among multinational corporations [that] are an enormous part of the economic activity of the world." 70\% plus of cross-border world trade is conducted by multinationals.

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foreboding trends growing suspicion of mnes motives
Foreboding Trends: Growing Suspicion of MNEs Motives
  • Most trade takes place among multinational corporations [that] are an enormous part of the economic activity of the world."
    • 70% plus of cross-border world trade is conducted by multinationals.
  • MNEs and Western Elites No Longer Concerned about Free Trade
    • Trade Deregulation and Tariff Reduction are Firmly Established
    • Goal is to Change the Rules of the Game
foreboding trends growing suspicion of mnes motives1
Foreboding Trends: Growing Suspicion of MNEs Motives
  • Emergent Game:
    • Complex Set of Non-Trade Rules that address
    • Investment flexibility
      • No longer require a MNE to form joint ventures with domestic firms
      • Liberalize MNEs choice of capital, production, supply, distribution.
      • Remove barriers to moving factors of production
    • Intellectual Property Rights
      • All countries, rich and poor alike, must enforce the patent rights systems, installed by rich nations, to protect drugs, music, software, etc.
      • Virtually all rights are owned by rich nations.
    • Matters of Domestic Sovereignty
      • No limits on foreign ownership of natural resources
      • No limits on foreign ownership of national health systems, water systems, and other public service
      • The Matters of a stinking badge **
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