Multi-National Corporations Influence on Human Capital Development in Host Economies

International Journal of Economics and Management Studies
© 2022 by SSRG - IJEMS Journal
Volume 9 Issue 3
Year of Publication : 2022
Authors : Paul Chukwujekwu Obidike, Foluso Chinyere Osunkwo, Kalu Ebi Uma
pdf
How to Cite?

Paul Chukwujekwu Obidike, Foluso Chinyere Osunkwo, Kalu Ebi Uma, "Multi-National Corporations Influence on Human Capital Development in Host Economies," SSRG International Journal of Economics and Management Studies, vol. 9,  no. 3, pp. 71-75, 2022. Crossref, https://doi.org/10.14445/23939125/IJEMS-V9I3P109

Abstract:

To date, most empirical evidence indicates mainly multi-national corporations and their allied links; knowledge spillovers, inter and intra-industry spillovers, vertical and horizontal linkages, imitation research and development (R & R&D), competition and adoption channels, transfer technologies influence upgrading/acquisition and human capital development. This paper evidences and evaluates how Multi-national companies use Inward Foreign Direct Investment (FDI) to stimulate skill upgrading/acquisition and human capital development in the host Sub-Saharan African countries. The study is more of a review and expository of the developmental role of the multi-national in their host economies. From the study, it was obvious that the Inward FDI influences the development of Human capital with possible links at both micro and macro levels in host communities on the demand and supply sides.

Keywords:

Multi-national corporations, foreign direct investment (FDI), Skill upgrading, Allied Linkages, Human capital development, Developing countries.

References:

[1] L. Amusan, Multi-national Corporations' (MNCs) Engagement in Africa: Messiahs or Hypocrites? Journal of African Foreign Affair.5(1) (2018) 41-62.
[2] L Amusan, Politics of Biopiracy: An Adventure into Hoodia/XhobaPatenting in Southern Africa African Journal of traditional, Complementary and Alternative Medicines.14(1) (2017) 103-109.
[3] F Krupp, F. Don t Just Drill, Baby-Drill Carefully Foreign Affairs. (2014) 15-20.
[4] R. E Lipsey, ., Magnus Blomstrom, and Eric Ramstetter. Internationalized production in World Output.In Robert Baldwin, Robert Lipsey, and J. David Richardson (eds.), Geography and Ownership as Bases for Economic Accounting. Chicago: The University of Chicago Press. (1998) 83-135.
[5] United Nations Conference on Trade and Development, World Investment Report Cross-Border Mergers and Acquisitions and Development. New York: United Nations. (2000).
[6] Markusen, J.R. Multinationals. Multi-Plant Economies, and the Gains from Trade. Journal of International Economics, 16 (1984) 205-226.
[7] A Marshall, Principles of Economics, 8th Edition London: Macmillan. (1920).
[8] R E Caves, Richard E. Multi-national Firms, Competition, and Productivity in Host- Country Industries.Economical, 41 (1974) 176-193.
[9] R. E Caves, Richard E Multinational Enterprise and Economic Analysis, 2nd Edition. Cambridge: Cambridge University Press. (1996).
[10] Hanson, Gordon H., Raymond Mataloni, and Mathew J. Slaughter. Expansion Strategic of U.S. Multi-national Firms, In DaniRodrik and Susan Collins (eds) Brookings Trade Forum. (2001) 245-294.
[11] L M Lynch, Private-Sector Training and the Earnings of Young Workers American Economic Review.82(1) (1992).299-312
[12] Dollar, David, and AartKraay. Growth is Good for the Poor. Development Research Group. Washington, DC World Bank. (2000).
[13] M J Slaughter, Production Transfer Within Multinational Enterprises and American Wages, Journal of International Economics, 50 (2000) 449-472.
[14] Rodriguez-Clare, Andres, Multi-nationals, Linkages, and Economic Development. American Economic Review, 86(4), September, (1996), 852-873.
[15] J Song, PAlmeida, and G Wu, Learning by-Hiring: When is Mobility Useful?,Paper Presented at Technological Innovation and Evolution Conference , (2001).
[16] M A Motta, M Fofur, and T. Ronde. Foreign Direct Investment and Spillovers through Workers’ Mobility.CEPR Discussion Paper #2194. (1999).
[17] P.R Krugman, Geography and Trade. Cambridge: MIT Press.(1991).