"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." | by: | |
Source: | "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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