World Chronicle
World Chronicle 801: Karl P. Sauvant, UNCTAD
CURRENT DEVELOPMENTS IN TRANSNATIONAL BUSINESS
Cross-border mergers and acquisitions, particularly those involving large firms, vast sums of money and major restructuring of the activities of firms, are among the most visible faces of globalization. The impact of mergers and acquisitions on development can be double-edged and uneven. Concerns are voiced in developed and developing countries especially about the market power of transnational corporations and potential anti-competitive implications of mergers and acquisitions. UNCTAD, the United Nations Conference on Trade and Development, has published its World Investment Report 2000, which looks at the relationship between cross-border mergers and acquisitions and global development. In this edition of World Chronicle, Karl P. Sauvant, Chief of the Division on Investment, Technology and Enterprise Development at UNCTAD, talks about the new edition of World Investment Report 2000.
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