Authors: Anand Chand
Addresses: School of Management and Public Administration, Faculty of Business and Economics, University of the South Pacific, Private Mail Bag, Suva, Fiji
Abstract: Over the last 30 years, there has been extensive debate on whether Transnational Corporation (TNC) can bring about economic development in third world countries and in particular in small island states. There are two schools of thought: first, on one hand, there is a pessimistic position that argues that TNCs do not contribute to economic development of small island countries. Second, on one hand, there is the optimistic position that argues that TNCs do contribute to economic development of small island countries. Within this context, this paper examines the economic contribution made by a Japanese TNC Yazaki (Samoa) Ltd. in Samoan economy. This paper highlights that Yazaki (Samoa) Ltd. has made a number of economic contributions to Samoa such as boosting the GDP, in-directly assisting other industries, easing unemployment and providing income to poor families.
Keywords: small island countries; economic development; Samoan economy; transnational corporations; TNCs; Yazaki (Samoa) Ltd.; economic benefits; Samoan GDP; employment; income; entrepreneurship; small business; gross domestic product.
International Journal of Entrepreneurship and Small Business, 2012 Vol.16 No.2, pp.189 - 198
Received: 08 May 2021
Accepted: 12 May 2021
Published online: 29 May 2012 *