l is the "engine of growth" for the developing country, and that only the MNC with a profit incentive is likely to provide such capital.13 Suporters of this view see no evils in the activities of MNCs. Supporting this perspective, a Brookings Institution study said that: "Traditional theory posits that foreign direct investment contributes positively to 4development. It brings those societies most in need of them capital, technology, and management and marketing skills. In addition to the direct income effects, jobs are created and government tax revenues, which can be used for further develop ment, are augmented."14
William Tabb (Queens College, CUNY) stated an opposing view, however, when he said that: "On the one side are national and regional producers who stand to be squeezed out with fur ther centralization and concentration of capital, which is the net effect of multinational corporate activities."15 He went on to say that capitalist "interests look very different to the few dozen truly global corporations w
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