The role of TNCs, NGOs and International Agencies in development
- Created by: 11pyoung
- Created on: 07-03-18 19:11
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- The role of TNCs, NGOs and International Agencies in development
- Transnational Corporations
- Evaluating TNC activity by theoretical perspectives
- Rostow
- The injection of capital that is vital to the take-off stage of development is partly originated in TNC investment
- Friedman
- TNCs are beneficial to society because they create jobs and provide local people with a regular wage
- Ellwood
- less economically powerful TNCs are bullying smaller, less powerful countries to open up their economies to private investment
- Bakan
- TNCs too often exercise power without responsibility
- Rostow
- Seek competitive advantages and maximisation of profits
- Froebel et al
- From 1970, TNCs set about investing significantly in the developing world
- Evaluating TNC activity by theoretical perspectives
- The role of International Organisations
- The United Nations
- The UK contributed 6.68% of the UN's peacekeeping budget between 2013-15
- The European Union
- Spent 56.5 billion euros on development assistance
- The G8
- AGM
- The G8 is not democratic or accountable for the decision it makes
- AGM
- World Trade Organisation
- McKay, Narlikar and Chang
- Global trade rules are biased against developing countries
- The WTO pressures developing countries to open up their economies to Western banks and investment and to abandon taxes on western imports
- Phillippe Legrain
- The WTO does the bidding of TNCs
- It harms the poor
- It undermines worker's rights
- McKay, Narlikar and Chang
- The World Bank and International Monetary Fund
- Friedman
- Developing countries have a choice between neo-liberal and 'neo-idiotic' economic an political policies
- Joseph Stiglitz
- They are failing to improve the welfare of developing counties because their policies reflect the interests and ideology of the Western financial community
- Friedman
- The United Nations
- The role of local and national Non-Government Organisations
- Arguments in favour of NGO activities in the developing world
- Stromquist
- NGOs are positive agents of change because they are untainted by politics and greed
- McMichael
- NGOs have a greater diversity, credibility and creativity than official agencies
- Edwards
- NGOs should monitor the activities of the WTO
- Darnton and Kirk
- NGOs focus more on educating the Western public about the causes of underdevelopment
- Stromquist
- The critique of NGO activities in the developing world
- Korten
- The relationship between NGOs and the developing world is often undermined by political instability
- Hulme and Edwards
- Many NGOs are actually funded by Western governments and international agencies
- McCloskey
- NGOs are often reluctant to criticise the neo-liberal polices of the organisations that fund them
- Hilary
- The influence of neo-liberalism on NGO funding means that NGOs are likely to distance themselves from radical groups that aim to challenge the existing neo-liberal- dominated power structure
- Korten
- Fisher
- The globalisation of capitalism has led to a decline in the power of the state
- Escobar
- the AGM has enthused ordinary people who have ethical concerns with the way the global capitalism operates
- Klein
- Protesters are unified by their desire for a citizen-centred alternative
- Arguments in favour of NGO activities in the developing world
- Transnational Corporations
- McCloskey
- NGOs are often reluctant to criticise the neo-liberal polices of the organisations that fund them
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