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Multinational Enterprises and Foreign Direct Investments

  • H. Gürak
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    The empirical evidence on the global economic performance since World War II indicates that the gap, in general, in the economic and technological fields between the few so-called Developed Countries (DCs) and the plenty Developing or Less Developed Countries (LDCs) has been continuously widening. Neither the popular import-biased economic growth strategy of 1950s and 1960s nor the highly praised export-biased growth models have been fully successful in transforming a LDC from the cadres of less development into the levels of welfare prevailing in Western industrialized countries.

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    Paper provided by EconWPA in its series General Economics and Teaching with number 0404004.

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    Length: 111 pages
    Date of creation: 25 Apr 2004
    Date of revision:
    Handle: RePEc:wpa:wuwpgt:0404004
    Note: Type of Document - doc; pages: 111
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