John Dunning made a substantial contribution to our understanding of the role played by globalization in general, and transnational corporations, in particular, in promoting economic growth and efficiency in the post World War II era. In his late years, Dunning wrote extensively about the unsolved problems which globalization appears to have spawned, particularly the growing inequality both between rich and poor countries, as well as within them. These difficulties have been aggravated by the failure to establish a global governance system capable of resolving the contradictions inherent in a world characterized by sovereign nation states on the one hand, and a global economy whose welfare depends more and more on inter-state cooperation, on the other.
|Number of pages||7|
|State||Published - Dec 2011|