The internationalization of output and trade
- Auteur: Conference des Nations Unies sur le commerce et le développement
- Main Title: Trade and Development Report 1981 , pp 64-65
- Date de Publication : décembre 1981
- DOI: https://doi.org/10.18356/8efb5ce9-en
- Language: Anglais
The growth, nature and composition of world trade has been revolutionized in the third quarter of the 20th century. At the centre of this process has been the transnational corporation (TNC) whose activities now dominate industrial, trading, banking, service and retail sectors at the global level. In one manner or another, the influence of these corporations now extends over the major proportion of world trade (excluding the socialist countries). Moreover, approximately two-fifths of all international trade is carried out through intra-firm transfers of TNCs. These trading patterns are organically linked to recent corporate evolution in manufacturing and related service activities. They not only reflect the transition to oligopolistic structures in most major industrial sectors and the growing prevalence of control by conglomerates over wide areas of economic activity in developed market-economy countries but have also contributed to them.
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