Impact of the MNC on the Dominican Republic INTRODUCTION

The purpose of this research is to assess the impact of the multinational corporation (MNC) on the Dominican Republic. One school of thought in the contemporary international economic environment holds that the MNC is the best hope that less developed countries (LDCs) have to create economic growth, while a second school of thought decries this assertion. In this assessment, the position is that MNCs retard real economic development in LDCs.

MULTINATIONAL OPERATIONS INVOLVING

For most of its history, the Dominican Republic "has been a passive victim of forces from the outside" (Fagg, 1965, 139).The initial victims were the native peoples of the island which, in 1989, contains both the Dominican Republic and Haiti. The native peoples of the island were replaced by the Spanish, and later by the Africans brought to the island countries by the Spanish.

From the time its territory was claimed for Spain in 1492 through 1850, little economic development of any kind occurred in the country which is today named the Dominican Republic. During this entire time period, the country was either exploited for

the economic benefit of a few hundred individuals, or it was used as a pawn in the great power politics of several European nations.

The Dominican Republic gained independence in 1850, and remained a

. . .
. the role of foreign economic interests in the Dominican economy and to consolidate national wealth under his personal rule . . . he passed laws and entered into business agreements allowing him to monopolize certain industries . . . gained control of those industries providing basic necessities for the Dominican people . . . and certain exporting industries . . . Most people . . . feared for their safety, if they did not concur with the 'Benefactor's' plans . . . Trujillo welcomed foreign investment . . . so far as the U. S. was concerned he did not represent a threat . . . It would not be until after 1950, when Trujillo's mounting economic wealth began to infringe on U. S. investments that the Benefactor's days were numbered (Wheaton, 1984, 421422). Regardless of the perspective taken, material and economic progress occurred in the Dominican Republic between 1931 and the end of the second world war, although economic control became ever more concentrated in the Trujillo family and in American interests controlling the country's sugar industry. From the perspective of the typical Dominican citizen, the first sixteen years of Trujillo's rule were perceived positively, as they were by the American corporate interes
. . .

Some common words found in the essay are:
Dominican Republic, American MNCs, Central Romana, College CUNY, Western Corporation, National Guard, Trinidad Tobago, MNCs Wheaton, Information Exchange, Gulf Western, dominican republic, wheaton 1984, fagg 1965, gulf western, developing countries, center information, dominican center information, center information exchange, dominican center, information exchange, ed boston south, ed sklar, boston south press, south press, sklar ed boston,
Approximate Word count = 2694
Approximate Pages = 11 (250 words per page)

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