THE ROLE OF TRANSNATIONAL CORPORATION ACTIVITIES IN THIRD WORLD COUNTRIES

Ugwu Edward Gods Mark

Department of Public Administration

Institute of Management and Technology, Enugu State Nigeria

Email: imtenugu@yahoo.com

Abstract: The impact of the Transnational Corporation in Third World Countries is tremendous and has varied consequences. For several centuries economists have used the classical economic theory of comparative advantage to explain trade movements between nations. Springing from the writings of Adam Smith and David Ricardo in the eighteenth and nineteenth centuries. The theory in simple terms states that every one gains if each nation specializes in the production of those goods that it produces relatively most efficiently and Imports those goods that other countries produce relatively most efficiently. The theory has supported free–trade arguments.

Keywords: Transnational Corporation, Economists, Classical Economic Theory, Free-Trade and Third World Countries.

Reference to this paper should be made as follows: Ugwu Edward Gods Mark (2016), The Role of Transnational Corporation Activities in Third World Countries. J. of Social Sciences and Public Policy, Vol. 8, Number 2, Pp. 1 – 60.