Abstract
This chapter analyzes how, historically, international institutions such as the World Bank and the International Monetary fund issued normative constructions that defined institutionally the evolution of corporations on the global south, particularly multiasians and multilatinas. The chapter carries out a single historical case study to analyze how within selected periods of the 20th century, normative interventions on development excerpted on customary official publications of both institutions, defined the character, role, and overall influence of multilatinas and multiasians on selected sectors of a global highly deregulated economy. The chapter sheds lights on how thematization and the evolution of ideological representations of the of the corporate role of multinational corporations in defined regions can be found noticeably within selected periods of time of the study.
TopHistorical Depiction And Normative Construction Of The Global South Multinational Economic Architecture
With the foundation of the Bretton Woods Institutions and the new regulatory framework of the global economy, the roles of multinational corporations and their influence over the social landscape acquired a leading political character. It was precisely after the agreements of New Hampshire, that lender and debtor countries configured a new defined financial and economic settings through which social and political relations where to be contextualized in the decades to come (Thacker, 1999). The prominent role of multinational corporations boosted up the conception and expansion of a new regulatory framework to the concept of “global development” (Dickens et al, 1949) (Rodrik, 2001) (Sachs, 1993), as well as a new depiction of “modernity” (Escobar, 2008). Indeed, the new setting revealed clearly that in the decades to come “poor countries, with low levels of institutionality” will be openly “weak in comparison to transnational megacorporations” (Berron, 2014), which stressed the new normative landscape of global political interaction.