Why Multinationals Help Reduce Poverty

18 Pages Posted: 9 Feb 2007

Abstract

Over the years, multinationals have attracted both friends and enemies. Foes have argued that they exert adverse influences on the well-being of poor countries in general, and their poorer citizens in particular. Friends have argued that in their wake, multinational corporations bestow on host economies a variety of benefits primarily, but not exclusively, via spillover effects of various sorts. This paper provides a detailed reappraisal of the issues involved and argues that if their adverse effects can be removed by appropriate domestic policies, multinationals can have a potentially major role to play in the alleviation of poverty.

Suggested Citation

Bhagwati, Jagdish, Why Multinationals Help Reduce Poverty. The World Economy, Vol. 30, No. 2, pp. 211-228, February 2007. Available at SSRN: https://ssrn.com/abstract=962216 or http://dx.doi.org/10.1111/j.1467-9701.2007.00879.x

Jagdish Bhagwati (Contact Author)

Columbia University - Law School ( email )

435 West 116th Street
New York, NY 10009

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