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FDI and Development – A Local Impact Dimension of Globalization

Kimakowitz, Ernst von
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With the end of the bipolar world the whole planet has joined in one global market place • The global governance regime has led to a situation in which sovereign policy options regarding investment flows have been reduced heavily and international investors find similar, market enabling conditions on a global scale • FDI in developing countries has increased dramatically over the last 30 years. In this context the question of how TNCs impact development efforts is of great relevance and their interactions with domestic SMEs provides a strong lever for development conducive corporate conduct.
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