Document Type

Book Chapter

Publication Date



Multinational corporations are the global goliaths of modern times. These entities collectively are responsible for large portions of world production, employment, investment, international trade, research, and innovation. Although their economic impact is most pronounced in high-income countries, where their activities have been concentrated historically, their reach increasingly extends to every corner of the world. Decisions made by these firms affect not only those who work for them, buy from them, do business with them, and compete with them, but also communities and countries in which they are located. As a result, their operations and activities are subjects of considerable interest and heated speculation.


Pages 1-32, "Multinational Activity in the Modern World." by Foley, C. Fritz, Hines, James R., Jr., Raymond J. Malatoni, Jr., and David Wessel in Global Goliaths: Multinational Corporations in the 21st Century Economy, edited by C. Fritz Foley, David Wessel, and James R. Hines, Jr., 1988, reproduced by permission of Rowman & Littlefield.All rights reserved. Please contact the publisher for permission to copy, distribute or reprint.