Transfer of Technology and Competition Policy in the Context of a Possible Multilateral Investment Agreement

  • Pedro Roffe

Abstract

The growth of foreign direct investment (FDI) is at the core of the globalization process. The total volume of FDI has kept increasing; by the end of 1996, FDI stock exceeded $3.2 trillion in book value. Developing countries have become important players in this process. FDI to developing countries has increased significantly: from an average of $20 billion annually during the period 1983–8 to $129 billion in 1996, although these flows continue to be heavily concentrated in a few countries of Asia and Latin America (see Balasubramanyam, in Chapter 2 of this volume). A further significant trend in FDI during the 1990s has been the increase in outward investment by firms based in developing countries. Whereas approximately 6 per cent of all FDI outflows originated in developing countries during the period 1983–8, this share rose to almost 14 per cent in 1995–6, mainly from South-East Asian firms (UNCTAD, 1998a).

Keywords

Europe OECD Monopoly 

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Copyright information

© Pedro Roffe 1999

Authors and Affiliations

  • Pedro Roffe

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