 Business Ethics and Transnational CompaniesNeil Hood Chapter 10 in The Role of Business Ethics in Economic Performance, 1998, pp 193-210 from Palgrave Macmillan Abstract: Abstract Foreign direct investment (FDI) has been growing rapidly in the recent past. Indeed it has been growing faster than international trade, which has long been the principal mechanism linking national economies. In consequence the operations of transnational companies (TNCs) have a profound effect on most aspects of business life and on the prosperity of many nations. These investment flows are concentrated in a few countries, in that the ten largest host countries received two-thirds of the total inflows of $315 billion in 1995, while the smallest one hundred received only 1 per cent. Foreign direct investment is a major force shaping globalisation. The outward FDI stock which the 39 000 parent firms had invested in their 270 000 foreign affiliates reached $2.7 trillion in 1995. Moreover, FDI flows doubled between 1980 and 1994 relative to both global gross fixed capital formation and world gross national product. The value added of all foreign affiliates accounted for 6 per cent of world gross domestic product in 1991, compared to 2 per cent in 1982 (UNCTAD, World Investment Report, 1996). Keywords: Business Ethic; Foreign Direct Investment; Host Country; International Business; Corporate Code (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37979-4_10 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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