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Rich Country, Poor Country The Multinational as Change Agent
Benjamin F. Bobo
ISBN: 0-275-97928-8
ISBN-13: 978-0-275-97928-7
256 pages
Praeger Publishers
Publication: 4/30/2005
List Price: $99.95 (UK Sterling Price: £68.95)
Discount Price: $49.98 Sale Price for U.S. Customers Only. Save 50%. Ends 12/31/2009.
Availability: In Stock
Media Type: Hardcover
Trim Size: 6 1/8 x 9 1/4
Subjects: Reviews:
  • Bobo (finance, Loyola Marymount U.) feels strongly that income inequality between rich and poor nations and the deep poverty of the Third World can be effectively addressed by the multinational corporation. He presents 14 previously published essays that address the matter from a variety of angles, discussing such matters as MNC-host country relationships in Africa, the possibilities of MNCS putting aside exploitative practices in recognition that poor countries may otherwise unite against them, the attitudes of policymakers in poor countries and in MNCs, the lessons from conflict and conflict resolution models, expanding the corporate model of wealth maximization to include Third World stakeholders, and the issue of a new pedagogy in support of such a model.
    —Reference & Research Book News     8/1/2005
Description: In this series of essays that span over 20 years of research, Benjamin Bobo builds the case for multinational corporations to take an active role in combating poverty around the world. Citing sobering statistics (for example, three-fourths of the world's nations are classified as Third World and four-fifths of the world's people live in these nations), Bobo argues that huge corporate entities not only have the wherewithal but an obligation to alleviate the suffering that results from a lack of economic resources and opportunity. Through these provocative and forward-looking essays, he presents a theoretical and practical framework for multinationals to stimulate economic development in the Third World—providing access to capital, entrepreneurial expertise, and emerging technologies.

In a bold challenge to conventional thinking about wealth creation and strategic decision-making, Bobo applies such concepts as profit satisficing and stakeholder givebacks, and proposes an agenda for change that begins in business schools (the intellectual training ground for multinational managers), with increased emphasis on sustainability and human development. The net result, he argues, will be a world in which both producers and consumers benefit.
Table of Contents:
  • Preface
    Acknowledgments
    Perspective
    Introduction
    The Historical Context in Brief
    Multinational Corporations in the Economic Development of Black Africa: Some Problems That Affect an Equitable Relationship
    Issues in North-South Relations and the New World Order
    MN-Third World Relations: A Comparative Study of Policymakers' Attitudes and Perceptions
    Multinationals in the Third World: Reciprocity, Conflict Resolution and Economic Policy Formulation
    Multinationals, the North, and the New World Order: Objectives and Opportunities
    Internationalization Decision Making and the Global Interdependency Sensitivity Thesis
    Multinationals and the Caribbean: A Postcolonial Perspective
    Third World Investment Strategy: The African Predicament
    Whose Wealth to Maximize: The Third World as Stakeholder
    GIST and Profit Satisficing: Toward More User-Friendly Shareholder Wealth Maximization
    User-Friendly Shareholder Wealth Maximization and B-School Pedagogy
    Epilogue
    Bibliography
    Index
About the Author: Benjamin F. Bobo is Professor of Finance at Loyola Marymount University, Los Angeles. His research focuses on life-choice constraints of the economically disadvantaged in the United States and around the world. He is the author of many articles and books, including Locked in and Locked Out: The Impact of Urban Land Use Policy and Market Forces on African Americans (Praeger, 2001).
LCC Class: 338
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