Grazia Ietto-Gillies has spent her career as an economist seeking to fill a crucial gap: the exclusion of transnational corporations into economic thinking. And this gap is not a small one; 80% of trade is facilitated by such corporations.
Ietto-Gillies talked to The Mint about the key strategic advantages such corporations have and how Fiat has used them to control its workforce. Surprisingly, the case of McDonalds provides a more positive story.
Ietto-Gillies is Emeritus Professor of Applied Economics and Visiting Research Professor, Birkbeck, University of London. She has also published in 2017 a memoir of her childhood in Calabria: By the Olive Groves. A Calabrian Childhood.