1945

The growth of foreign direct investment (FD1) and the expansion of transnational corporations (TNCs) have been possible partly because of the lowering of national barriers to the movement of goods and services and to the location of factories and offices. More recently, bilateral and multilateral agreements have increasingly held national treatment as the proper standard for foreign affiliates. If this were to become the norm, it would ease the problems associated with the notion of corporate nationality, although the need to determine a firm’s nationality would not disappear.

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