Multinational firms and the extractive sectors in the 21st century: can they drive development?

Narula, R. ORCID: https://orcid.org/0000-0002-4266-2681 (2018) Multinational firms and the extractive sectors in the 21st century: can they drive development? Journal of World Business, 53 (1). pp. 85-91. ISSN 1090-9516 doi: 10.1016/j.jwb.2017.09.004

Abstract/Summary

Historically, extractive sector MNEs have been seen as an obstacle to sustainable development, because they operated in enclaves with limited local engagement. Import-substitution policies aimed to increase the local benefits of these resources, restricting FDI. Since liberalisation, extractive MNEs have re-engaged with developing countries through looser governance structures with greater potential for linkages. Despite the potential, few host countries have seen meaningful MNE-led development because of weak domestic firms and poor location advantages. New MNEs from emerging economies have not shown a greater propensity to local linkages. Only countries that have continued to invest in location advantages have seen substantial benefits.

Item Type	Article
URI	https://reading-clone.eprints-hosting.org/id/eprint/72618
Identification Number/DOI	10.1016/j.jwb.2017.09.004
Refereed	Yes
Divisions	Henley Business School > International Business and Strategy
Publisher	Elsevier
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