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The Centre on Transnational Corporations: How the U.K. Injures Poor Nations

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Publication Date: October 1987

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): Juliana Geran Pilon

Series: Backgrounder

Topic: International relations (International and regional organizations)

Keywords: International organizations

Type: Report

Coverage: United States

Abstract:

A basic premise of the Centre on Transnational Corporations is that an antagonistic relationship exists between transnational corporations and the Third World. Implicit in this premise is the proposition that TNCs must be regulated. Rather than providing strong pro-growth advice to developing countries, the CTC spends much of its time blaming TNCs for South Africa's system of apartheid, for poverty in the Third World, for environmental problems, and for not investing enough in developing countries. The U.S. already has reduced its role in the CTC. The time has come for the U.S. to cease participation in the CTC altogether. It is time to focus attention on the U.N.'s anti-growth economic agenda and to repudiate its anti-Western bias as well as its regulatory zeal.