Multinationals or domestically owned industries
which is better in developed countries
posted almost 13 years ago
I'm currently writing a paper about the decline of the British car industry from 1950 until 1989. When I say this, I mean the domestically owned industries. England obviously still has a motor industry, but Mini is owned by BMW, Vauxhall is part of GM, and Ford is American as well.
It brought me to an argument to consider. Is England losing out by not having a domestically owned industry? These multinationals still have corporate offices and factories in England contributing to the economy.
What do you think?
