Oxford Scholarship Online: Multinationals and Global Capitalism

Multinationals and Global Capitalism From the Nineteenth to the Twenty First Century Jones, Geoffrey Professor of Business Administration, Department of Entrepreneurial Management, Harvard Business School Print publication date: 2004 (this edition) Published to Oxford Scholarship Online: April 2005 Print ISBN-13: 978-0-19-927209-9 doi:10.1093/0199272093.003.0003
3 Natural resources Geoffrey Jones Multinational investment in natural resource exploitation grew rapidly in the 19th century. This was the first sector where entrepreneurs discerned and exploited opportunities to create value by operating across borders. These strategies were among the main drivers of integration during the first global economy. They created some of the world’s largest multinationals that have retained leadership in their respective industries till today. Keywords: globalisation, multinational investments, natural resource, doi:10.1093/0199272093.003.0003