“…This world systems thesis has, in turn, led to a critical re-examination by other scholars (for example, Lall and Streeten, 1977;Bierstaker, 1978;Vernon,1977;Gillis et al,1983) of the historical and present impact of multinational corporations on the socioeconomic development of Third World countries. In the case of China, there have been heated debates over the impact of foreign imperialism on internal development during the pre-1949 period (for example, Cohen, 1984;Esherick, 1972;Elvin, 1973;Hou, 1960;Murphey, 1974;Myers, 1970;Nathan, 1972;Perkins, 1975;Huang, 1980;Thomas, 1984;Wright, 1986). However, comparatively little scholarly work has been written on the effect of foreign contact on the socioeconomic development of China since its &dquo;re-opening&dquo; in the 1980s (for example, Ho and Huenemann, 1984;Oke, 1986;Lardy, 1987).…”