About the product
The experience of 20 years of international financial liberalization is assessed in this study, which argues that the results did not conform to standard expectations. This study provides some indications of current trends in international investment flows and likely developments through to the beginning of the next century. Its findings are that there will be a sharp rise in foreign investment as sales and production become more international and that this will increasingly occur through acquisitions, joint ventures and alliances. Other main conclusions are that developing economies will attract growing amounts of foreign direct investment and that the principal determinant for investing abroad will remain to get market access.