The relationship between western multinational corporations' perceived commercial interests and democratic quality in developing markets is more varied than habitually argued. While autocratic policy making and low-intensity democracy have been judged to provide benefits to investors, they are also increasingly recognized to generate features prejudicial to commercial operations. Many investment trends reflect the adverse impact of democratic limitations in developing markets. Multinational companies can be faulted less for a uniform effort to frustrate democratic improvements than for a failure to develop a coherent or proactive engagement in relation to the international democracy promotion agenda.

Democracy and the Multinationals’, RichardYoungsDemocratization, 11 (1) (2004): 127–147. Published by Frank Cass, London. Reprinted by permission of Taylor & Francis Ltd,
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