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Globalization and foreign direct investment: theory and Korean case

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Frame of Image nal corporations play increasingly important roles in cross-border activities: supply chain, production fragmentation Development of information and communication spurs e-commerce, e-trade, e-finance, as evident in B2B, and B2C Epidemic diseases, weather anomaly, and pollution issues require collective actions from all countries concerned UN, WTO, IBRD and regional multi-fora organizations such as APEC have contributed to resolve global and regional security and developmental issues Increasing NGOs also accelerate to address cross-border issues
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4. 5. 6.
7.
Economic and Trade Globalization
1. IMF-GATT system (1947) 2. Evolution of Trade Liberalization
Dillon Round (1960-1961) Kennedy Round (1964-1967) Tokyo Round (1973-1979) Uruguay Round (1986-1990) WTO System enters into force (Jan, 1985) Doha Development Agenda (Nov, 2001)
3. The new era is “global” rather than “international.” 4. Growing importance of transnational corporations
Engaging FDI and owns, or controls, activities in more than one country
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Evolution of Transnational Corporations Evolution through Four Stages through
1. 1895~1945 : Emergence and consolidation of oligopolies 2. 1946~mid-1960s : Rose to current position of prominence and responsible for about 80 percent of trade outside the communist bloc
3. Mid-1960s~present : Mergers across national boundaries and rise in the significance of non-U.S. corporations 4. Current consolidation with the opening up of the former Soviet bloc and China to transnational c


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Title Globalization and foreign direct investment: theory and Korean case
Similar Titles
Material Type Proceedings
Author(English)

Ahn, Choong Yong

Date 2007
Pages 40
Language English
File Type Documents
Original Format pdf
Subject Economy < Direct Investment
Holding KDI School of Public Policy and Management
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