The international passion for mergers and acquisitions of the last two decades has created companies that are larger and more influential than the countries in which they operate. This insightful account explores the dangers of these corporate leviathans and their ability to manipulate the flow of currency, set prices, and sway political policy.
Book Description
Editorial Reviews
From Publishers Weekly
Inroads made by such corporations as Fiat, General Motors and IBM into the economy of the U.S.S.R. before its political collapse helped to assure the failure of the coup and the survival of glasnost and perestroika, contends Lowe, former financial editor of the San Diego (Calif.) Tribune. This wide-ranging, compelling study of a global political-industrial-military complex is based on aggressive research and extensive travel. Lowe stresses the importance of making citizens understand how to adapt to the good and bad effects of what she terms an irreversible trend toward oligopoly, whose growth--through acquisitions, mergers and joint ventures--she traces through the mid-'80s. Multinationals, she charges, influence and often control the policies and politicians of their own countries and the foreign nations where they operate. However, the author counters, their reach can be constructive: multinationls employ millions of people, contribute to public services in the communities where they do business and are responsible for life-enhancing advances in science and medicine. In return, they expect governments to provide a stable business climate. Capitalistic states, she concludes, "will have to reinvent themselves" to survive in the world economy's new structure.
Copyright 1992 Reed Business Information, Inc.
Copyright 1992 Reed Business Information, Inc.
From Library Journal
Lowe, a business journalist and educator, explores the many ways that huge "meganational" corporations have entrenched themselves throughout the world. By virtue of their size, diverse operations, and the uncanny knack to survive, these titans of industry, like IBM and Nestle, are able to influence the public sector and our private lives. Meganationals squash the competition and outmaneuver the government. But big companies also foot the bill for technological advances, pay higher salaries, and offer more job security. While many people will agree that the IBMs of this world are untouchable, libraries may want to have on hand an alternate viewpoint. For instance, Michael Porter's The Competitive Advantage of Nations ( LJ 6/1/90) postulates that globalization will actually increase competition. Overall, Lowe's book will appeal to students of international business as well as the general public. Recommended.
- Kris Swank, American Graduate Sch. of International Management Lib., Glendale, Ariz.
Copyright 1992 Reed Business Information, Inc.
- Kris Swank, American Graduate Sch. of International Management Lib., Glendale, Ariz.
Copyright 1992 Reed Business Information, Inc.
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