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- World Investment Report 2001
- Chapter
Conclusion
- Author: United Nations Conference on Trade and Development
- Main Title: World Investment Report 2001 , pp 121-124
- Publication Date: December 2001
- DOI: https://doi.org/10.18356/bbcb9746-en
- Language: English
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.
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