1. From international to global
At a time when globalization is both characteristic of the 21st-century world and blamed for all its ills
[1]
, free trade is now accepted and regarded as the only way to ensure growth, economic progress and innovation. In this respect, the opening of borders to products (and now services) from other countries is seen as a factor of competition, which is desirable if it is controlled (see figure
1
). Globalization is a long-standing and inescapable phenomenon, whether it pleases Alain Minc or horrifies Viviane Forrester
[1][2]
; it is also a complex and multi-dimensional phenomenon, encompassing trade in goods and...
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Ongoing reading
From international to global
Economic data
1. FDI trends
The year 2005 saw both a recovery in FDI (foreign direct investment), which rose by 29% to $916 billion, according to the latest UNCTAD estimates, and another interesting phenomenon: it was the developing countries (DCs) that were driving the trend, as in 2003, thus testifying to a clear upturn in confidence. In fact, while FDI to industrialized countries had fallen by 16% in 2004, it rose by 37% in...
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