THE GLOBAL DIMENSION
THE GLOBAL DIMENSION
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Global Economic Growth:
1992-2020 (US=100%)
United States
Japan
China
Germany
France
India
Italy
Russia
Britain
Brazil
Mexico
Indonesia
Canada
Spain
South Korea
Thailand
Taiwan
0%
50% 100% 150%
1992
2020
Fig. 5.1
Projected global economic growth.
the UK will have a Trojan Horse effect in France, Germany, and Italy as
their cheaper/better products are exported within the EU.
By their nature MNCs have far more opportunities for efficient tax
planning than one-country firms, despite numerous regulatory efforts
on the part of governments (see the book Finance Express in this
series).
TECHNOLOGY ALLIANCES
In the 1970s, MNCs co-operated on developing technology by forming
separate corporate entities which they owned jointly with their
partners. This pattern shifted during the 1980s towards informal
