Franklin Cudjoe |
Multinationals and Poverty Reduction |
| Multinational Companies (MNCs) the world over have been seen as vestiges of colonialism with enormous power to even buy poor countries and engage in home politicking. They have been described as the messengers of greedy globalisation. But aren’t they just fulfilling Adam Smith’s theory of the invisible hand, by making goods and services available through voluntary exchange to people in need? What economic comparisons, if any, are there to be made between life before and after the advent of MNCs in any country? Do their actions and activities impoverish or make life better for people in their areas of operation? What role should recipient governments play in ensuring strict compliance with environmental standards and financial regulations? How should corporate social governance be harnessed to make sound investments in the communities MNCs operate? Franklin Cudjoe will discuss the pros and cons of MNCs |
