When people think about globalization, they often first think of the increasing volume of trade in goods and services.
Trade flows are indeed one of the most visible aspects of globalization. But many analysts argue that international
investment is a much more powerful force in propelling the world toward closer economic integration. Investment can alter
entire methods of production through transfers of knowledge, technology, and management techniques, and thereby can
initiate much more change than the simple trading of goods.
Over the past years, foreign investment has grown at a significantly more