This paper investigates the relationship between education and the location of multinational affiliates. It finds that U.S. multinationals seek production locations with high levels of education rather than with uneducated labor. Furthermore, the education effect can be separated from the...

The purpose of this article is to determine the significance of transnational business in the development of the global economic system, to present perspectives on its further functioning and distribution in the global economy, and to develop recommendations for state regulation of...