Abstract
For a long time research on multinational corporations (MNCs) was dominated by a very critical assessment. But recently social scientists seem to have changed their view of the multinational corporation; they now have a much more positive opinion of this institution. This raises the question whether we are, now that the multinational company is becoming the most powerful economic actor, on the way to an economic order in which there are no losers and only winners. The article deals with this question on the basis of three aspects of multinational corporations: forms of governance, organisational strategies and industrial relations.
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