In the past, governments in many developing countries often saw multinational enterprises (MNEs) as part of the devel- opment problem, due to assertions of exploitation of the environment and of the labor force. At present, MNEs are seen as part of the development solution for several reasons. First, governments in developing countries acknowledge that they need outside capital to achieve their development objectives, partly because industrial nations have stabilized foreign aid and devel- opment loans...
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First, governments in developing countries acknowledge that they need outside capital to achieve their development objectives, partly because industrial nations have stabilized foreign aid and devel- opment loans. Second, export-oriented FDI brings relief from rampant foreign exchange shortages...
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