TY - JOUR AU - Yeung, Henry Wai‐Chung AB - Third World Quarterly, Vol 15, No 2, 1994 Third World multinationals revisited: a research critique and future agenda HENRY WAI-CHUNG YEUNG The existence of transnational corporations (TNCS) from developing countries can be dated back to the pre-World War I period when some Argentine enterprises were engaged in business activities within Latin America. Heenan & Keegan have perceptively pointed out that: The multinational corporation, long regarded by its opponents as the unique instrument of capitalist oppression against the impoverished world, could prove to be the tool by which the impoverished world builds prosperity ... Third world multinationalism, only yesterday an apparent contradiction in terms, is now a serious force in the development process.1 There are now more TNCS flourishing from developing countries and operating in the global economic system. The emergence and diffusion of TNCS from developing countries 'signal[s] the formation of a much more complex map than that which prevailed forty years ago'.2 TNCS from developing countries are particularly important as the engine of growth and transformation in many regions that are dominated by developing countries. In the Asia-Pacific rim, 'they are becoming a significant mechanism for the transfer of capital, technol- ogy, management and other assets within and TI - Third World multinationals revisited: A research critique and future agenda JF - Third World Quarterly DO - 10.1080/01436599408420381 DA - 1994-06-01 UR - https://www.deepdyve.com/lp/taylor-francis/third-world-multinationals-revisited-a-research-critique-and-future-CvtDQIOK53 SP - 297 EP - 317 VL - 15 IS - 2 DP - DeepDyve ER -