Abstract
In recent decades the world has witnessed a remarkable growth in overseas production by foreign affiliates. An increasing number of firms and countries are involved in this process and in 1996 as much as one third of all outward foreign direct investments were directed to less developed countries (UN, 1997). Annual FDI flows almost doubled between 1991 and 1996 and for several years, the aggregate output of affiliates located in foreign countries has outweighted exports as the dominate means of servicing foreign markets (UN, 1997).
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Braunerhjelm, P., Lipsey, R.E. (1998). The Geographical Specialization of US and Swedish FDI Activity. In: Braunerhjelm, P., Ekholm, K. (eds) The Geography of Multinational Firms. Economics of Science, Technology and Innovation, vol 12. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-5675-6_3
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DOI: https://doi.org/10.1007/978-1-4615-5675-6_3
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