The last two decades have seen significant internationalization of firms from developing economies, in terms of their greater participation in international trade, growing outflows of foreign direct investment (FDI), and a recent surge in their cross-border mergers and acquisition activity....

Literacy refers to an individual's ability to communicate through reading and writing. The literacy rate for any population measures the fraction of the population, above a certain cut-off age, that is literate. Based on the most recent statistics compiled by UNESCO, more than one in three...