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Multinational Corporations and Foreign Direct InvestmentAvoiding Simplicity, Embracing Complexity$
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Stephen D. Cohen

Print publication date: 2007

Print ISBN-13: 9780195179354

Published to Oxford Scholarship Online: May 2007

DOI: 10.1093/acprof:oso/9780195179354.001.0001

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 From Obscurity to International Economic Powerhouse

 From Obscurity to International Economic Powerhouse

The Evolution of Multinational Corporations

(p.41) 3 From Obscurity to International Economic Powerhouse
Multinational Corporations and Foreign Direct Investment

Stephen D. Cohen

Oxford University Press

The long historical evolution of MNCs and FDI is more than a chronological timeline; it puts into perspective the larger forces that shaped, facilitated, and encouraged them. Beyond delineating distinctive eras and presenting quantitative estimates of the growth of FDI and MNCs, this chapter discusses how and why their evolution and proliferation should be viewed as the effects of continuous technological innovation. The chapter's concluding section examines the myriad quantitative and qualitative reasons that FDI and MNCs have become increasingly important variables in domestic economic policy, international commerce, international politics, and corporate strategy.

Keywords:   technology, Industrial Revolution, gross domestic product, GDP

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