The rise of third world multinationals.

"The multinational corporation, long regarded by its opponents as the unique instrument of capitalist oppression against the impoverished world," state the authors, "could prove to be the tool by which the impoverished world builds prosperity.... Third world multinationalism, only yesterday an apparent contradiction in terms, is now a serious force in the development process." This article examines the emerging phenomenon of the multinational corporation from the developing countries, the factors responsible for its current rise and future expansion, the organizational characteristics of it, and the implications for corporate leaders of its increasing competitiveness in world markets. [ABSTRACT FROM AUTHOR]