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Corporate Imperialism, Conflict, and Expropriation: A Critical Analysis of Transnational Corporations and the Global Political Economy

Dalton Foster

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Published in Corporate Imperialism: Conflict And Expropriation (Routledge Revivals)

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Transnational corporations (TNCs) have become increasingly powerful actors in the global political economy. Their operations have a profound impact on the economies, societies, and environments of countries around the world. However, the relationship between TNCs and developing countries is often fraught with conflict and tension. This conflict arises from the fundamental differences in the interests of the two parties. TNCs are primarily concerned with maximizing profits, while developing countries are concerned with promoting economic development and social justice.

Corporate Imperialism: Conflict and Expropriation (Routledge Revivals)

by Norman Girvan

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Corporate Imperialism

The term "corporate imperialism" has been used to describe the way in which TNCs exert control over developing countries. Corporate imperialists argue that TNCs are the new imperial powers, and that they are using their economic power to exploit developing countries and undermine their sovereignty. They point to the fact that TNCs often have more power than the governments of developing countries, and that they can use this power to influence government policies, extract favorable concessions, and avoid paying taxes.

Conflict and Expropriation

The conflict between TNCs and developing countries often leads to expropriation, which is the government seizure of foreign-owned property. Expropriation is a controversial issue, and there is no easy answer to the question of when it is justified. However, it is clear that expropriation can have a negative impact on foreign investment and economic development.

The Case of Chile

The case of Chile provides a good example of the conflict between TNCs and developing countries. In the 1960s and 1970s, Chile was a major copper producer, and the copper industry was dominated by three TNCs: Anaconda, Kennecott, and Cerro. The Chilean government was concerned that the TNCs were exploiting the country's resources and undermining its sovereignty. In 1971, the government of Salvador Allende nationalized the copper industry. This decision led to a long and bitter conflict between the Chilean government and the TNCs.

The Importance of International Law

International law plays an important role in regulating the relationship between TNCs and developing countries. The United Nations Charter and the Universal Declaration of Human Rights both affirm the right of developing countries to control their own natural resources and to regulate foreign investment. However, international law does not provide a clear definition of expropriation, and it is often difficult to determine when expropriation is justified.

The conflict between TNCs and developing countries is a complex and challenging issue. There is no easy solution to this conflict, but it is important to understand the different perspectives of the two parties involved. International law can play an important role in regulating the relationship between TNCs and developing countries, but it is important to recognize the limitations of international law.

Further Reading