"Technological changes; particularly in the space-shrinking technologies of transport and communication, in unison with the overall decline in trade barriers, help to make possible the internationalisation of economic activity and also the development and geographic spread of companies (Dicken pp 120, Adapted)." These revolutions have induced the explosion in Foreign Direct Investment (FDI) in the last 20 years. FDI is the principle way that firms compete internationally in the modern global economy. It is an investment in …
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showed last 75 words of 3048 total
…992) International Business: Theory and Managerial Applications. 2ND Ed, Boston. *LETTO-GILLIES, G (1992) International Production: Trends, Theories, Effects. Cambridge. *ITAKI, M (1991) A Critical Assessment of the Eclectic Theory of the Multinational Enterprise. Article from Journal of International Business Studies, Third Quarter www.jib.net/Archive/1991/22_3_91_445.pdf last accessed on 13 October 2001 *DUNNING, J, H (2000) A Rose by any other Name.....? FDI Theory in Retrospect and Prospect. Article from www.jibs.net/LitReview/2000/2000_3_20.pdf last accessed on 15 October 2001