Open Access'Restrictive Business Practices', report by the UNCTAD Secretariat, April 1972.
Author(s) -
G. M. Radhu
Publication year - 1973
Publication title -
pakistan development review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.154
H-Index - 26
ISSN - 0030-9729
DOI - 10.30541/v12i3pp.315-316
Subject(s) - multinational corporation , corporation , subsidiary , trade and development , international trade , developing country , international business , business , parent company , political science , economic growth , economics , finance , management
The report by the UNCTAD Secretariat, submitted to the thirdsession of the United Nations Conference on Trade and Development heldin Santiago (Chile) in April 1972, deals with the restrictive businesspractices of the multinational corporations with special reference tothe export interests of the developing countries. Since the world war,there has been a tremendous growth in the size and activities of manyinternational firms. They have grown from the national corporation tothe multidivisional corporation and now to the multinationalcorporation. With each step they acquired greater financial power,better technology and know-how and more complex administrativestructures. They have subsidiaries and branches all over the world. Inthe course of the sixties they became one of the dominant factors indetermining the pattern of world trade. At the same time, theirincreasingly restrictive business practices, which tended to adverselyaffect world trade and the export interest of less developed countries,attracted the attention of the governments both in developed and lessdeveloped countries and serious concern was shown at the internationallevel. It is against this background that the UNCTAD undertook the studyon the question of restrictive business practices.