1945

World FDI flows are expanding unabated. Their pace of growth surpasses that of most other economic aggregates. As a result, the role of international production in the global economy is on the rise. FDI liberalization, too, proceeds with a multitude of favourable changes in national regulatory regimes and supporting treaty making at the international level. With the growing knowledge intensity of economic activity, TNCs play a key part in creating and applying advanced technologies and managerial practices across the globe. They also account for a large proportion of world trade; about a third of world trade is in the form of intra-firm trade. In addition, they influence international trade indirectly by setting up extensive networks of procurement and subcontracting relations with other firms.

Related Subject(s): International Trade and Finance
Sustainable Development Goals:
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