World Investment Report 2005

Transnational Corporations and the Internationalization of R&D (Includes CD-ROM)

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The World Investment report focuses on trends in foreign direct investment (FDI) worldwide and at the regional and country levels, as well as emerging measures to improve FDI’s contribution to development. This year’s Report presents recent trends in FDI flows and explores the emerging internationalization of R&D (Research and Development) by transnational corporations, highlighting its driving forces and implications especially in developing countries, as well as the need for active and coherent government policies to enhance development benefits. The Report includes a statistical annex, which is also available on CD-ROM.




The globalization of production is reshaping the international economic landscape. With that, the conventional wisdom of developed countries as capital and technology exporters and developing countries as importers is gradually giving way to a more complex set of relationships. The geography of international investment flows is changing. Developing countries are emerging as outward investors, and their importance as recipients of foreign direct investment in more knowledge-intensive activities is increasing. The World Investment Report 2005, focusing on the internationalization of research and development by transnational corporations, illustrates some of these changes.


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