'This is a timely volume, the contents of which offer a welcome and thought provoking perspective on the interaction between the globalising economy and transnational (or multinational) corporations...well researched and incisively written. I enjoyed, and benefited from, the book immensely...This is a volume which covers a lot of ground and deserves to be widely read. It pinpoints a whole set of important issues which are likely to confront politicians, academic scholars and business leaders over the next half century or more.' - John H. Dunning, The Journal of Development Studies

• Preface - Notes on the Contributors - Introduction: TNCs and the Global Economy; R.Kozul-Wright & R.Rowthorn - PART 1: GLOBALISATION IN PERSPECTIVE - Globalisation Myths: Some Historical Reflections on Integration, Industrialisation and Growth in the World Economy; R.Kozul-Wright & P.Bairoch - The Limits of Globalisation; W.Milberg - Multinational Corporations: An Historical Analysis; M.Wilkins - Transnational Service Corporations in the Process of Globalisation; P.Petit - Direct Foreign Investment, Transnational Corporations and Growth: Some Empirical Evidence and a North-South Model; A.Dutt PART 2: TRANSNATIONAL CORPORATIONS, THE STATE AND ECONOMIC DEVELOPMENT - TNCs and Third World States: From the Old Internationalisation to the New; P.Evans - TNCs and Industrial Strategy; H-J.Chang - TNCs and the Nation State; M.Panic - PART 3: LESSONS FROM RECENT EXPERIENCE - New Trends in Japanese Trade and FDI: Post-Industrial Transformation and Policy Challenges; Y.Akyuz - Internationalization of Industrial Firms: Implications for Domestic Growth and Industrial Structure in Small Open Economies; P.Braunehjelm & P.Yla-Antilla - Transnational Corporations in Central and Eastern Europe and in the Former Soviet Union: A Return or a New Beginning?; M.Simai - International Trade, Outsourcing and Labour: A View from the Developing Countries; E.Amadeo - TNCs and Industrial Restructuring: The Case of the Mexican Automobile Industry: M.Mortimer - Index