The Evolution of the World Economy: The 'Flying-Geese' Theory of Multinational Corporations and Structural Transformation - New Horizons in International Business series

A thorough exploration of the structural changes under Pax Britannica and Pax Americana - moving from `kicking away the ladder' from emerging economies to then providing it - demonstrates that this trend engenders multinational corporations that can facilitate structural transformation, particularly in catching-up economies.