Joseph Stiglitz has written some interesting books on corporate behaviour in developing countries, such as "Globalization and its Discontents". The argument is

Joseph Stiglitz has written some interesting books on corporate behaviour in developing countries, such as "Globalization and its Discontents". The argument is, is that poorer countries, especially those with natural resources, would do better nurturing their own corporations, rather than creating policies to attract foreign corporations. The end result of preferring foreign corporations is a race-to-the-bottom where the end result is that corporations become a law unto themselves, operating as if they miniature states within the host state.