Conclusion

During the past two decades, FDI by TNCs from developing and transition economies has expanded at an unprecedented rate. This process has been encouraged by many factors, including soaring export revenues and rapid economic growth in a number of these economies, as well as the burgeoning industrial and business prowess of their firms. Perhaps most importantly, firms from these economies have been increasingly affected by global competition. They have come to realize the growing importance of accessing international markets and connecting to global production systems and knowledge networks. Accordingly, their view of business has become far more international and their ambitions increasingly regional or global in scope. This change, from a domestic vision to an international one, underscores the nature of the structural shift taking place in the global economy.

Sustainable Development Goals:

Decent Work and Economic Growth