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Restrictive Business Practices, Transnational Corporations, by Frank Long (auth.)

By Frank Long (auth.)

Problems of improvement in what's commonly referred to as the 3rd global were a topic of outrage of the social sciences, lespecially of eco­ nomics, for over 20 years now. 1 among the past due Nineteen Fifties and the present time, as bankruptcy 2 makes an attempt to teach, the emphasis turns out to have shifted from merely financial issues of underdevelopment to a paradigm that comes with different, extra-economic issues of a social, political, and cultural nature. the new emergence of improvement reports as a brand new social technology self-discipline stems accurately from the methodological premise that improvement is a fancy strategy that could simply be effectively less than­ of a stood, analyzed, and alleviated by means of a cross-disciplinary method as an alternative 2 completely unidisciplinary one. we don't desire to problem the above proposition. even though, it continues to be of yes financial phenomena that pose difficulties actual that an review of to constructing international locations can provide us better insights into difficulties improvement, together with the formula of applicable regulations aimed toward bettering socioeconomic stipulations in such international locations. is restrictive enterprise practices. This learn is con­ One such phenomenon of restrictive enterprise practices as they cerned frequently with surveying features relate to difficulties of improvement within the 3rd international. Restrictive enterprise xiii xiv creation practices aren't limited to constructing international locations; in spite of the fact that, constrained paintings turns out to were performed when it comes to concerning the concept that of restrictive enterprise practices to difficulties of improvement. the present facts of restrictive company practices within the improvement procedure is kind of fragmen­ tary.

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Extra resources for Restrictive Business Practices, Transnational Corporations, and Development: A Survey

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However, under this act, agreements of substantial importance to the national economy are excluded from control, and the government is empowered to grant exemption if it is consistent with national incomes and price policy. 24 The most recent attempt to consolidate restrictive business practices legislation in the United Kingdom is the 1973 Fair Trading Act. Consumer protection is now included as an important feature of restrictive business practices. The law also covers agreements in the supply of commercial and professional services.

Pakistan In 1970 a Monopolies and Restrictive Trade Practices Ordinance was announced in Pakistan. Its sole objective is "to provide for measures against undue concentration of economic power, growth of unreasonable monopoly power, and unreasonable restrictive trade practices. "69 Unreasonable monopoly power is defined under this act as constituting at least 20 percent of the local market share. The act addresses itself mainly to the following practices: Market-sharing arrangements; Limitation of output; Limitation of technical development; Use of boycott; Resale price maintenance.

Much of UNCTAD's work has been centered on reducing these barriers. Some writers held that foreign aid should be encouraged so as to augment limited resources in developing countries-for instance, to provide infrastructure necessary for industrialization, training in industrial and other skills, and the provision of capital necessary for development. 3S These writers were not without critics who argued that foreign aid, especially that of a bilateral nature, was tied politically and economically, thereby preventing recipient countries from using aid under terms optimal from their point of view.

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