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Synopsis International Business & Economic Development One of the very main reasons behind the globalization processes in today’s corporate world boils down to the existence of multinational corporations (MNCs) in the way that they organize their activities across borders, which entails “…the ownership of productive assets by a parent corporation in another nation.” (Cypher & Dietz, 2009) and also due to the fact they have the capability to handle and transfer knowledge on a global scale (Forsgreen, 2002). When it comes to foreign direct investment (FDI), developed nations have traditionally been the main investors by far, but recently there has
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