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Issue:

Biographies

 

Written by:

James M

 

Date added:

December 14, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

66 / 18478

 

Was viewed:

3918 times

 

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Essay content:

Investment, often alters entire methods of production through transfers of know-how, technology and management techniques, and thereby initiates much more significant change than the simple trading of goods. Over the past ten years, foreign investment has grown at a significantly more rapid pace than either international trade or world economic production generally...
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From 1980 to 1998, international capital flows, a key indication of investment across borders, grew by almost 25% annually, compared to the 5% growth rate of international trade. This investment has been a powerful catalyst for economic growth. The tremendous growth in levels of foreign direct investment is a recent phenomenon and is one of the most powerful effects - and causes -- of globalization...
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