Multinational Enterprises and Foreign Direct Investments
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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