Taming the giants: transnational corporations

The Multinational Corporation is an emerging actor on the international stage with the power and strength exceeding those of many nation-States, so much so, serious doubts are being entertained among Statesmen and Jurists about the relevance of concepts such as sovereignty and independence of States.
The Transnational Corporations, as the author chooses to call them, in line with the current practice of the United Nations, have posed many major problems in the fields of political relations, economic independence and international law. These problems have been the subject matter of wide-ranging debates among nations and international conferences. The political interference by the Transnational Corporations leading to dislodgement of regi mes unacceptable to them, the economic enslavement of many developing nations, the distortion of traditional values and cultural palterns, the fouling of the environment and the disregard shown to national rules and regulations have compelled the world commu nity to seek ways and means to bridle these Transnational corporate wild horses.
This book which has won a Doctorate in International Economic Law from the Jawaharlal Nehru University is unique, in that

-It is the first of its kind written from a developing country with a focus on inter national and legal aspects on the subject of M.N. Co.
-it is the first book which examines, in depth, the impact of Multinational Corporations from every angle, namely, political, economic, social, environmental and legal, with due emphasis on problems. relating to technology transfer and restrictive trade practices;

-it has covered a wealth of facts and figures from primary sources such as UN documents, Senate hearings of the US, important tribunals, important judgements of courts and hearings of Security and Exchange Commission of US, and Reports of Financial committees in India;
-examines in detail the various legal and administrative control devices by nations and International agencies both, at the regional and at the UN level, and offers suggestions in a practical manner of the limitations and potentialities of the national and international institutions;

-the risks and dangers to which a developing nation would be exposing itself by extending an open invitation to the multinationals which are constantly changing the strategies.

The book will be of interest to:
(1) To corporate managers of companies having international links to understand more fully the multi-dimensional operation of their firms and to avoid confrontations with the national administration,
(2) To scholars and students of business management, international economics, international relations and international law.
(3) To trade union leaders and those interested in labour problems,
(4) To Sociologists
(5) To statesmen and administrators of developing countries
(6) to accountants and tax experts engaged In corporate accounting for business and taxation.