In my perspective, I acknowledge the implication of the production and trade structure IPE because it enhances interconnection between a nation and the whole world. This IPE is likely to work out in both South and North since it involves the onset of production of a country and marketing the products to the whole world. Again, the IPE initiate the environment that includes the rich and developing countries, unlike in transnational corporation that has worked best in the northern, which is more developed compared to the South. For the emerging nations, it will surge for the rapid spread of the products that will encourage the expansion of the underdeveloped country to the world, pushing for more development.
Therefore, I discredit the transnational corporations as a significant IPE since it objectively benefits the North in a manner that it attracts the foreign direct investments only while discrediting the production process. In support of the purported approach, the approach creates a surge for foreign direct investment (FDI). It creates a coherent strategy that promotes development vision and coordination, which is unlikely to advance in Southern since it is underdeveloped. Also, the TNC will work in its best in the social and economic objectives in a nation only with significant policies set by the government that put the northern in a strategically better position than the southern.
References
Dr. Ornanong Husna Benbourenane International Political Economy – POL 343