Purpose – The purpose of this paper is to analyze the general trend of globalization, the role of transnational corporations in the process of globalization and China's integration in the global economy through the linkage of trade and foreign direct investment. China's governmental national...

When Vietnam started the Doi Moi (renovation) in the mid-1980s it was a backward agricultural country. Liberalising markets, allowing the establishment of private firms, integrating in the world economy and high FDI inflows stimulated growth and productivity development. However, this first face...