Transnational Corporations and the Global Economy. Edited by Richard Kozul-Wright and Robert Rowthorn. Basingstoke: Macmillan (for United Nations University and World Institute for Development Economics Research), 1998. Pp.448. £55. ISBN 0 333 68957 7 The New Global Economy and Developing...

We suggest that there is some interface between the investment development path (IDP) and the trade development path (TDP)-with both trade and foreign direct investment (FDI) of created asset-intensive products increasing their significance relative to gross national product (GNP) of countries....

Globalization has changed economic realities. First, the competences of multinational enterprises (MNEs) are becoming increasingly mobile and knowledge-intensive. MNEs thus give more attention to the availability and quality of the created assets of alternative locations. Second, among...