■ The EU is a major force in the global economy. As demonstrated by the statistics presented in Chapter 1, the EU countries contribute about half of outward foreign direct investment (FDI), both flows and stocks, and receive about a third of inward FDI. Over half of the hundred largest MNEs are from EU countries.
■ The EU is also a major force in European financial reporting as it has issued a number of important regulations on the accounts of European enterprises.
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