CHAPTER 2. FOREIGN DIRECT INVESTMENT AND THE …
CHAPTER 2. FOREIGN DIRECT INVESTMENT . AND THE multinational CORPORATION. INTRODUCTION. International business activity is by no means a recent phenomenon. The lives of Phoenicians and Carthaginians, in the ancient world, were deeply dependent on international business. This economic activity included FOREIGN DIRECT INVESTMENT (FDI), joint ventures and strategic alliances, among other forms of internationalisation (Moore and Lewis, 1999). Several multinational corporations (MNEs) can also be identified in Europe in the middle ages and in the beginning of the modern era (Dunning, 1993a;. Jones, 1996). The origins of modern international business activity however, are associated with the industrial revolution.
CHAPTER 2. FOREIGN DIRECT INVESTMENT AND THE MULTINATIONAL CORPORATION 2.1. INTRODUCTION International business activity is by no means a recent phenomenon. The lives of Phoenicians and Carthaginians, in the ancient world, were deeply dependent on
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