ABSTRACT
In recent years, the divide between the developing and developed world has been bridged in a way that would have been incomprehensible thirty years ago. As the world economy restructured, the role of the multinational enterprise (MNE) began to change, from the ogre exploiting developing countries through investments in extractive industries with minimal local economic impact in terms of multipliers, to a situation now where they are courted by developing and developed country governments alike. What has happened to cause such an about turn?
