"The advantage of national planning is its ability to remove the wastes of oligopolistic anarchy, i.e. meaningless product differentiation and an imbalance between different industries within a geographical area. It concentrates all levels of decision making in one locale and thus provide each region with a full complement of skills and occupations. This opens up new horizons of local development by making possible the social and political control of economic decision-making. Multinational corporations, in contrast, weaken political control because they span many countries and can escape national regulation."
"The Multinational Corporation and the Law of Uneven Development", in J. Bhagwati (Ed.), Economics and World Order from the 1970s to the 1990s (Collier-Macmillan, 1972)
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