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Part 1 Global companies and the direct investment explosion: definitions, data and scope of analysis an overview of the 1980s outward investment - who is making it and why? the 1990s - will the trend continue?. Part 2 Global companies and national economies: inward investment - who is getting it and why? the European countries - mature recipients the United States - suddenly deluged Japan - Tokugawa revisited? costs and benefits of inward investment the 1990s - patterns of penetration. Part 3 Global companies and trade: FDI-related local sales and purchases by FOFs an alternative measure of trade limitations of the analysis implications for exchange rates. Part 4 Implications for public policy inward investment policy the world economy in the 1990s. Appendix: FDI data sources and uses, Stephen Thomsen.
Diebold et al. (Mon,) studied this question.