A major player in the international political economy is the multinational corporation or multinational enterprise as these structures of economy are commonly referred to. These are business or firms that hold offices and/or major production facilities in two or more different countries. The multinational corporation therefore is any business whether private or public that extends its production facilities or embarks in huge investments in capital across national boundaries. Since the end of World War …
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showed last 75 words of 1079 total
…even more tied to the elite through huge loans and aid from the IMF and World Bank. Caves and Sunkel share very different mindsets, while Caves believes that the multinational corporation extends the scope of the world economy. Sunkel believes that it exploits the Latin American market, by reducing the capitol in the working class and middle class the corporations take capitol from the local economy that could be used to improve the social condition.