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- W805230689 abstract "The economies of most countries in the world are dominated by international businesses. Even though they may only employ a minority of the labour force, multinational companies dominate foreign trade. Crucially, their investments determine the pace and direction of business investment in most countries. In turn this investment determines the economic dynamics (rates of growth of output and employment) and the rate at which an economy acquires new technology and modernizes its economic infrastructure. In the present economic crisis, multinational companies are therefore a key institutional mechanism by which the financial crisis becomes a generalised economic crisis. But the way in which these mechanisms work has also been affected by changes in the financial system." @default.
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- W805230689 date "2010-12-01" @default.
- W805230689 modified "2023-09-27" @default.
- W805230689 title "International Business and the Crisis" @default.
- W805230689 doi "https://doi.org/10.7135/upo9780857286543.017" @default.
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