Multinationals and Global Capitalism: From the Nineteenth to the Twenty First CenturyThis book explores the role of multinationals in the creation of the global economy in the last two centuries. It argues that multinationals should be viewed as one of the primary drivers of investment, trade, and knowledge flows across national borders, which are at the heart of the globalisation process. The book is divided into five parts. Part I provides a historical and theoretical context for understanding the role of multinationals in global capitalism. Part II shows how multinationals identified and exploited opportunities to create value. Part III shows how firms built organisations that functioned in multiple environments. Part IV examines the impact of public policy on multinationals. Part V reviews historical evidence on the economic, social, and political impact of multinationals.