Summary: The contribution of foreign direct investment to development is now widely recognized. There is a perception, however, that this contribution may be affected by the way investment enters a country. It may come in the form of a new enterprise or the expansion of an existing enterprise; it may also come through a merger or an acquisition. Acquisitions, in particular, arouse concerns, especially over employment, ownership and market structure. And the concerns become urgent when the host economy is a developing one. Given the recent explosion in cross-border mergers and acquisitions, UNCTAD's 10th World Investment Report is a highly timely and important document. This phenomenon calls for just the sort of careful and dispassionate analysis that has become the hallmark of the WIRs
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International Institute for Trade and Developement : UNCTAD Collection