The Multinational Corporation and the Law of Uneven Development

Stephen H. Hymer

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Political Economy and Marxism Globalization, Economics, and Policies World Systems and Global Transformations

Abstract

We have been asked to look into the future toward the year 2000. This essay attempts to do so in terms of two laws of economic development: the Law of Increasing Firm Size and the Law of Uneven Development. 1

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1937The Nature of the Firm 1966International Investment and International Trade in the Product Cycle 2024The Quarterly Journal of Economics 1997Strategy and Structure 1966International investment and international trade in the product cycle 1957The Compensation of Executives

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