Title: The Secret Empire: How 25 Multi-Nationals ...
Publisher: Business One Irwin
Publication Date: 1992
Book Condition: Very Good In Dustjacket
Edition: 1st Edition.
Homewood. 1992. Business One Irwin. 1st Edition. Very Good In Dustjacket. 60. 335 pages. hardcover. 1556235135. keywords:. inventory # 17410. FROM THE PUBLISHER - The international passion for mergers and acquisitions of the last two decades is creating corporations of immense dimensions and power. The M and A torrent reshaped the world of business, locking it on an irreversible course of oligopoly. Many emerging global giants are larger and more influential than the countries in which they operate. The Secret Empire shows how these mega-national companies create perturbing global problems. Janet Lowe explores the dangers of corporate leviathans and their ability to wrest control away from governments, manipulate the flow of currency, set prices, sway political policy, and change the fundamental nature of countries in which they do business. Lowe also tells how these corporations spread technology, medical discoveries, and other social advances throughout the world. Some even enhance world peace, since countries that have friendly trade relations and are economically linked are less likely to go to war. Many of the world's most influential companies - among them Nestle, Matsushita Electric, Daimler-Benz, Philip Morris, and Bristol Myers-Squibb - find themselves playing both roles. The Secret Empire identifies the leading meganationals, describing what they do, their corporate personalities, and who runs them; shows the impact meganationals have on shareholders, workers, consumers, and governments; examine the who, what, and why of the M and A trend and tells how it affects global enterprise. This insightful account explores the compelling question of global oligopoly. Who will win? Who will lose? Where will it end? The international passion for mergers and acquisitions of the last two decades has created companies that are larger and more influential than the countries in which they operate. This insightful account explores the dangers of these corporate leviathans and their ability to manipulate the flow of currency, set prices, and sway political policy. Bookseller Inventory # 17410
Synopsis: The international passion for mergers and acquisitions of the last two decades has created companies that are larger and more influential than the countries in which they operate. This insightful account explores the dangers of these corporate leviathans and their ability to manipulate the flow of currency, set prices, and sway political policy.
From Publishers Weekly:
Inroads made by such corporations as Fiat, General Motors and IBM into the economy of the U.S.S.R. before its political collapse helped to assure the failure of the coup and the survival of glasnost and perestroika, contends Lowe, former financial editor of the San Diego (Calif.) Tribune. This wide-ranging, compelling study of a global political-industrial-military complex is based on aggressive research and extensive travel. Lowe stresses the importance of making citizens understand how to adapt to the good and bad effects of what she terms an irreversible trend toward oligopoly, whose growth--through acquisitions, mergers and joint ventures--she traces through the mid-'80s. Multinationals, she charges, influence and often control the policies and politicians of their own countries and the foreign nations where they operate. However, the author counters, their reach can be constructive: multinationls employ millions of people, contribute to public services in the communities where they do business and are responsible for life-enhancing advances in science and medicine. In return, they expect governments to provide a stable business climate. Capitalistic states, she concludes, "will have to reinvent themselves" to survive in the world economy's new structure.
Copyright 1992 Reed Business Information, Inc.
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